The bill, titled the "Northeast Florida Rivers, Springs, and Community Investment Act," establishes a framework for the restoration and economic development of the Ocklawaha River and its tributaries. It mandates the Department of Environmental Protection (DEP) to hire a project lead with expertise in conservation and recreation planning by August 31, 2026, and to develop a comprehensive project plan for the river's restoration by July 1, 2027. This plan must align with previous environmental assessments and include detailed engineering updates, cost estimates, and funding sources. The project is classified as an environmental restoration initiative, requiring a general permit from the DEP and water management districts, with a completion target set for December 31, 2032.

Additionally, the bill creates the Northeast Florida River and Springs Recreation and Economic Development Advisory Council, chaired by the project lead, to provide recommendations on outdoor recreation and economic development plans for Marion and Putnam Counties. The council is tasked with submitting an advisory report by February 1, 2027, which will include project recommendations and guidelines for a grant program aimed at supporting river communities. The DEP is also required to develop an outdoor recreation plan and a grant program by January 1, 2028, while the Department of Commerce will create an economic development program for the same counties, all of which must be compatible with the overarching project and recreation plans.