The bill mandates the Citrus County Hospital Board to wind down its operations and adopt a dissolution plan by September 30, 2026. This plan must address the satisfaction of all obligations and debts, as well as the distribution of any remaining assets, including provisions for an irrevocable community trust or foundation established under previous Florida laws. Effective October 1, 2026, the bill repeals chapters 2011-256 and 2014-254 of the Laws of Florida and officially dissolves the Citrus County Hospital Board.

Additionally, the bill stipulates that all assets and liabilities of the Citrus County Hospital Board will be transferred to the Board of County Commissioners of Citrus County on the same date. The commissioners are required to first use these assets to settle any outstanding liabilities of the former district, with any remaining assets to be utilized in accordance with the dissolution plan adopted by the Hospital Board. The bill ensures that the community trust or foundation can continue to operate despite the repeal of the previous laws.