The proposed bill establishes a new section, 163.3249, in the Florida Statutes, focusing on "blue ribbon projects" aimed at promoting sustainable development while preserving natural resources and enhancing community livability. To qualify, a project must cover at least 10,000 contiguous acres, with a minimum of 60% designated as reserve area for environmental conservation. The bill allows for up to 40% of the land to be developed, requiring mixed-use development, walkability, and a maximum residential density of 12 units per gross acre, with at least 20% of residential units classified as affordable or "missing middle housing."

Additionally, the bill streamlines the approval process for these projects by eliminating the need for comprehensive plan amendments or rezoning, requiring local governments to provide a determination on project applications within 7 days, or the application is automatically approved. It also allows applicants to hire private companies for plan reviews and inspections, mandates public notice of approved projects, and outlines an appeal process for denied applications. The legislation removes the requirement for projects to demonstrate a need based on projected population growth, simplifying the approval process for developers. The act is set to take effect on July 1, 2026.