The bill proposes the creation of a new section, 112.049, in the Florida Statutes, titled the "Heroes Reward Program," which allows specified public employers to provide a one-time payout of accrued sick and annual leave to eligible employees for the purpose of purchasing a primary residence. The bill defines key terms such as "employee," "primary residence," and "public employer," and outlines the conditions under which the payout can be made. These conditions include the requirement that the payout be used for the purchase of a primary residence, the employee must retain a minimum balance of sick leave, and the payout must be confirmed in writing as nonrefundable.

Additionally, the bill stipulates that the payout is separate from other leave benefits and must be deducted from the employee's accrued leave balances at the time of payment. It also mandates that the Department of Management Services adopt rules for implementation and allows political subdivisions to enact the program through various means, such as ordinances or collective bargaining agreements. The act is set to take effect on July 1, 2026.