The bill amends Chapter 2003-368 of the Laws of Florida, establishing the Central Florida Tourism Oversight District as the successor to the Reedy Creek Improvement District. It revises the district boundaries to include specific areas within Osceola County, such as the incorporated area of the City of Kissimmee and unincorporated areas, while excluding certain territories already served by the Central Florida Tourism Oversight District and the City of St. Cloud. The bill also allows for future changes to the district boundaries through a special act of the Legislature.

Additionally, the bill outlines specific interlocal agreements that will govern the provision of water and wastewater services within the district, including agreements with Orange County and the City of St. Cloud. The boundaries of the district may be expanded to include service areas within affected local governments, contingent upon the adoption of a resolution by the governing body of those governments and a special act of the Legislature. The act is set to take effect upon becoming law.