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, rather than under the provisions of section 197.3632. Additionally, the bill removes the requirement for early payment discounts and eliminates certain notice and adoption requirements previously outlined in section 197.3632, streamlining the process for program administrators.

The changes aim to facilitate the repayment of financing for residential improvements by simplifying the collection process and reducing administrative burdens. The bill is set to take effect on July 1, 2025.

Statutes affected:
H 1229 Filed: 163.081