The bill establishes a new section in Florida law, titled "Correctional facilities capital improvement," aimed at addressing the critical infrastructure needs of the state's correctional facilities. It outlines the legislative intent to provide funding through cash payments or bond proceeds to support capital improvements. Starting in the 2026-2027 fiscal year, the Legislature is required to appropriate $250 million annually from the General Revenue Fund for the development and implementation of a capital improvement plan for both new and existing correctional facilities. The bill prioritizes the use of these funds for debt service obligations first, followed by addressing the department's critical facility needs, including the construction of new facilities and maintenance of existing ones.

Additionally, the bill mandates the Department of Corrections to begin planning and designing a new 4,800-bed correctional institution and a 600-bed hospital unit with mental health services by July 1, 2026. It also requires the department to contract with a construction management entity for projects exceeding $5 million and to submit recommendations for the closure of underperforming facilities upon the completion of new constructions. The Division of Bond Finance is authorized to issue bonds for financing the construction of new facilities, while a financing oversight committee is created to ensure efficient and responsible spending of the allocated funds. The act is set to take effect on July 1, 2026.