This bill establishes regulations for the provision of fire rescue and emergency medical services in Palm Beach County, specifically addressing the transition of these services when real properties are annexed into municipalities. It mandates that the municipal service taxing unit responsible for these services will continue to serve annexed properties for a period of eight years, regardless of any conflicting local laws. Following annexation, the geographical boundaries of the taxing unit will contract to exclude the annexed properties, and Palm Beach County will be prohibited from levying ad valorem taxes on these properties. The annexing municipality will be required to pay an annual service price to the county for up to eight years, which will be determined based on previous tax collections or the municipality's future tax collections for similar services.

Additionally, the bill outlines the process for transferring services from the county to the annexing municipality, including the conditions under which this transfer may not occur. It emphasizes the need for good faith negotiations between the county and the municipality regarding the transition of services and the expenditure of assets. The bill allows for adjustments to the eight-year service provision period based on data and analysis demonstrating the need for such changes, ensuring that residents receive appropriate service levels without unnecessary duplication of costs. The act will take effect upon becoming law.