This bill amends section 704.06 of the Florida Statutes to establish new provisions regarding conservation easements. It requires water management districts to release a conservation easement upon application from the fee simple owner of a parcel of land, provided specific conditions are met. These conditions include that the land is less than 15 acres and bordered by impervious surfaces, that adjacent undeveloped parcels are similarly situated, that the land has no historical or cultural significance, and that the applicant has secured mitigation credits for any wetlands loss.

Upon the release of the conservation easement, the bill stipulates that the ad valorem taxes on the property must reflect its just value, and the property can be developed in accordance with the zoning of adjacent lands. The property owner will be responsible for stormwater management requirements and must comply with local ordinances, including seeking approval for any necessary modifications to stormwater permits. The new 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.