The bill amends section 163.081 of the Florida Statutes to revise the method of collection for non-ad valorem assessments related to financing qualifying improvements to residential properties. It allows authorized program administrators to levy these assessments and specifies that they will be collected by the program administrator directly, rather than through the previously established method outlined in section 197.3632. Additionally, the bill removes the provision that allowed for discounts on early payments of these assessments.

Furthermore, the bill eliminates certain notice and adoption requirements previously mandated by section 197.3632, streamlining the process for program administrators. It also clarifies that the program administrator is only required to compensate the tax collector for the actual costs incurred in collecting these assessments, capped at 2% of the total amount collected. The act is set to take effect on July 1, 2025.

Statutes affected:
H 1229 Filed: 163.081