Bill > S0592

This bill modifies the My Safe Florida Condominium Pilot Program by implementing several key changes to the existing program. The bill limits program participation to condominium structures that are three or more stories tall and contain at least two single-family dwellings. It revises the approval requirements for grant applications, reducing the required vote from a unanimous vote to a 75 percent approval from voting residents. The bill eliminates specific dollar amounts for roof and opening protection projects, instead establishing a matching funding model where the state provides $2 for every $1 contributed by the association. The grant can now cover a broader range of hurricane mitigation improvements, including wind-driven rain mitigation devices and roof-related enhancements. Importantly, the bill stipulates that improvements must be verified during a final hurricane mitigation inspection and must result in a mitigation credit, discount, or rate differential. The Department of Financial Services may now require improvements to all building openings to qualify for grant reimbursement. The program maintains its voluntary nature and remains subject to annual legislative appropriations, with a maximum grant award of $175,000 per association. The bill is set to take effect on July 1, 2025, and aims to enhance hurricane resilience for eligible condominium associations.

Budget and Finance, Business and Industry

Banking and Insurance (Senate), Regulated Industries (Senate)

https://www.flsenate.gov/Session/Bill/2025/592