Bill > S0446

This bill modifies Florida's statute regarding financing qualifying improvements to residential property, specifically changing how non-ad valorem assessments (special assessments that are not based on property value) are collected. The bill removes previous language that allowed these assessments to be collected through the standard tax collection process with specific notification requirements and discounts for early payment. Instead, the bill now requires that non-ad valorem assessments for qualifying residential property improvements be collected directly by the authorized program administrator, without the typical tax collection procedures. This change appears to streamline the assessment collection process by giving program administrators more direct control over collecting repayment for financing improvements to residential properties. The bill will take effect on July 1, 2025, providing time for local governments and program administrators to adjust their collection procedures accordingly.

https://www.flsenate.gov/Session/Bill/2025/446