The bill, titled the "Punta Gorda Utility District Boundary Codification and Utility Transfer Act," aims to establish the boundaries of the Punta Gorda Utility District within Charlotte County and authorize the county to take over utility functions for certain lands outside the district. It mandates that the City of Punta Gorda continue to own and maintain utility assets outside the district while requiring both the city and the county to enter into interlocal agreements to facilitate this transition. The bill also includes provisions for the city to maintain potable water and wastewater services until the transfer is finalized, ensuring continuity of service for customers.

Key provisions of the bill include the codification of the district's boundaries, the authorization for Charlotte County to assume responsibility for utility services outside the district, and the requirement for both entities to report on their transition plans within a specified timeframe. The act emphasizes that existing financial obligations and agreements will remain intact until the transfer of powers and duties is completed. The bill is set to take effect upon becoming law.