This bill amends section 394.9082 of the Florida Statutes, focusing on the responsibilities of the Department of Children and Families regarding managing entities. It introduces new requirements for the department to routinely monitor the utilization of available funds by managing entities and to take corrective actions if underutilization is identified. Additionally, the bill mandates that every two years, the department conduct a comprehensive review of managing entities' financial positions, including a system-of-care and financial utilization analysis, with findings reported to key legislative leaders.

The bill also revises funding provisions for managing entities, stipulating that contracts must be funded by general revenue or applicable state and federal sources. It allows managing entities to carry forward unexpended state funds, but limits this to 8% of the annual contract amount, with any excess funds required to be returned to the department. Furthermore, managing entities are required to maximize the use of current year allocated funds and are prohibited from reserving these funds for future use without prior approval from the department. The effective date for this act is set for July 1, 2026.