The bill amends section 704.06 of the Florida Statutes to establish a process for the release of conservation easements by water management districts. It stipulates that upon application from the fee simple owner of a parcel subject to a conservation easement, the district must release the easement if specific conditions are met. These conditions include the size and location of the land, the absence of historical significance, and the acquisition of sufficient mitigation credits to offset any wetland loss. Once released, the property will be assessed for ad valorem taxes based on its just value and may be developed in accordance with the zoning of adjacent lands.

Additionally, the bill places responsibility on property owners to meet any requirements, including stormwater management, if the property is developed. It mandates compliance with local ordinances and the need for district approval for modifications to any permits affected by the conservation easement. The provisions do not apply to conservation easements within residential developments or proprietary conservation easements held by a district, which are defined as easements not acquired as a condition for a permit. The act is set to take effect on July 1, 2026.