The proposed bill, titled "Blue Ribbon Projects," introduces a new section in Florida law aimed at promoting sustainable development while preserving natural resources. It defines key terms and establishes criteria for qualifying as a blue ribbon project, which must cover at least 10,000 contiguous acres with a minimum of 60% designated for conservation. The bill sets a maximum residential density of 12 units per gross acre and requires a mix of housing types, including affordable and "missing middle housing." It also allows for phased development and ensures that development rights are vested for a minimum of 50 years, with potential extensions.

Additionally, the bill streamlines the approval process by allowing landowners to apply for project approval without needing comprehensive plan amendments or rezoning. If local governments do not provide written comments within 60 days or fail to issue a final determination within 7 days, the application is automatically approved. The bill also establishes an appeal process for denied projects, allowing applicants to appeal to the Department of Commerce within 21 days. The Department is responsible for determining compliance with the bill's requirements and can issue final orders with conditions. The act is set to take effect on July 1, 2026.