The bill amends section 704.06 of the Florida Statutes to establish a process for the release of conservation easements by certain water management districts. It stipulates that upon application by 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 land being less than 15 acres and bordered by impervious surfaces, the absence of historical or cultural significance, and the applicant securing necessary mitigation credits for any wetlands affected.

Additionally, the bill outlines that once the conservation easement is 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. Property owners will be responsible for stormwater management requirements and must comply with local ordinances and seek approval for modifications to any stormwater permits related to the easement. The provisions do not apply to conservation easements within residential developments or proprietary easements held by a district. The act is set to take effect on July 1, 2026.