The proposed bill establishes the Resilience Infrastructure Loan Program within the Department of Commerce, aimed at providing loans to Floridians for infrastructure projects that adhere to resilience engineering principles and comply with relevant statutory and regulatory requirements, including the Florida Building Code. The bill outlines definitions for key terms such as "Department," "District," "Infrastructure," and "Loan program," and specifies that the program will be funded through state and federal grant funds, with the department required to contract with the State Board of Administration for fund management. The department is also granted the authority to issue bonds independently of the Division of Bond Finance, unless otherwise mandated by law.

Additionally, the bill sets forth requirements for the loan program, including a maximum loan duration of 20 years and stipulations that loans can only be used for projects mandated by law to ensure structural safety. Repayment of loans must commence immediately after project completion and be finalized within three years. The bill includes an appropriation contingent on nonrecurring funds from the Indian Gaming Revenue Clearing Trust Fund for the 2025-2026 fiscal year to support the program, with an effective date of July 1, 2025.