The bill establishes a new section in Florida law called "Blue Ribbon Projects," which aims to promote sustainable development while safeguarding vital state resources. To qualify as a blue ribbon project, a development must encompass a minimum of 15,000 contiguous acres, with at least 60% designated for environmental conservation. The development area is limited to 40% of the total land, and specific densities and intensities for residential and nonresidential uses are mandated. Additionally, a portion of residential units must be affordable or classified as "missing middle housing." The bill requires a comprehensive blue ribbon plan that includes a long-term master development map and a conceptual phasing plan, which does not need to demonstrate a specific need for projected population growth.

The bill also introduces a framework for designating blue ribbon projects within local government comprehensive plans, establishing a presumption of consistency with local plans unless proven otherwise. Local governments are required to hold two public hearings for blue ribbon plan applications, and if approved, these plans will govern property use, superseding existing comprehensive plan requirements. The appeal process for denied applications allows for a de novo court action without a deferential standard for local governments. Approved blue ribbon plans must be recorded in public records, and any amendments require local government review, ensuring compliance with environmental regulations. The act is set to take effect on July 1, 2026.