Florida Senate - 2025                                     SB 446
       
       
        
       By Senator Truenow
       
       
       
       
       
       13-01196-25                                            2025446__
    1                        A bill to be entitled                      
    2         An act relating to financing qualifying improvements
    3         to residential property; amending s. 163.081, F.S.;
    4         revising the method of collection of a certain non-ad
    5         valorem assessment; conforming provisions to changes
    6         made by the act; providing an effective date.
    7          
    8  Be It Enacted by the Legislature of the State of Florida:
    9  
   10         Section 1. Paragraph (e) of subsection (1) of section
   11  163.081, Florida Statutes, is amended to read:
   12         163.081 Financing qualifying improvements to residential
   13  property.—
   14         (1) RESIDENTIAL PROPERTY PROGRAM AUTHORIZATION.—
   15         (e) An authorized program administrator may levy non-ad
   16  valorem assessments to facilitate repayment of financing
   17  qualifying improvements. Costs incurred by the program
   18  administrator for such purpose may be collected as a non-ad
   19  valorem assessment. A non-ad valorem assessment shall be
   20  collected by the authorized program administrator and may not be
   21  collected pursuant to s. 197.3632 and, notwithstanding s.
   22  197.3632(8)(a), shall not be subject to discount for early
   23  payment. However, the notice and adoption requirements of s.
   24  197.3632(4) do not apply if this section is used and complied
   25  with, and the intent resolution, publication of notice, and
   26  mailed notices to the property appraiser, tax collector, and
   27  Department of Revenue required by s. 197.3632(3)(a) may be
   28  provided on or before August 15 of each year in conjunction with
   29  any non-ad valorem assessment authorized by this section, if the
   30  property appraiser, tax collector, and program administrator
   31  agree. The program administrator shall only compensate the tax
   32  collector for the actual cost of collecting non-ad valorem
   33  assessments, not to exceed 2 percent of the amount collected and
   34  remitted.
   35         Section 2. This act shall take effect July 1, 2025.