The bill establishes the Apalachicola Water and Sewer District as an independent special district in Franklin County, Florida. It outlines the district's charter, which includes definitions, boundaries, and the governance structure. The district will be managed by a board consisting of five members, with specific appointment processes and terms. The board will have the authority to manage water and sewer systems, set rates and charges, and enter into contracts, while ensuring compliance with relevant Florida statutes.

Additionally, the bill provides for the transfer of all assets, contracts, and obligations related to water and sewer services from the City of Apalachicola to the newly created district. This transfer includes all property owned by the city for these purposes, ensuring continuity of service and obligations. The act will take effect upon becoming law, allowing for the immediate establishment of the district and its operations.