The proposed bill introduces a new section in Florida law called "Blue Ribbon Projects," which aims to promote sustainable development while safeguarding natural resources. To qualify as a blue ribbon project, developments must encompass a minimum of 10,000 contiguous acres, with at least 60% designated as conservation reserve areas. The bill outlines specific requirements, including limits on residential density and nonresidential intensity, mandates for affordable housing, and provisions for phased development. It also ensures that development rights are vested for at least 50 years, with possible extensions based on project progress.

Additionally, the bill streamlines the approval process for these projects, allowing for administrative approvals without further local government action if the local government does not respond within designated timeframes. It establishes a "blue ribbon plan" as the master development plan, requires local government administrative review, and permits applicants to hire private companies for plan reviews and inspections. An appeal process is also included for applicants whose projects are denied, allowing them to petition the Department of Commerce within 21 days of a denial. The legislation is set to take effect on July 1, 2026, and aims to balance development with environmental stewardship and community needs.