This bill amends the governance and operational procedures of the South Indian River Water Control District in Palm Beach County by increasing the governing board from five to six members and changing the voting system to allow landowners to vote based on the total gross acreage they own, including fractions. It introduces compensation for board members attending meetings, mandates competitive bidding for certain positions, and revises residency requirements for board members. The bill also establishes a system for staggering terms and annual elections for board officers, requiring an election to be held immediately after the bill's enactment.

Additionally, the bill authorizes a one-time special assessment not exceeding $1,000 for improvement projects and allows district funds to be expended prior to the levy of such assessments. It clarifies the process for transferring responsibilities to other governmental entities and ensures that the board can effectively manage infrastructure improvements. The bill also addresses the issuance of bonds by the Board of Supervisors of the South Indian River Water Control District, ensuring that the rights of existing bondholders are not affected by the new legislation. The act is set to take effect immediately upon becoming law.