HB 4037 2025
CODING: Words stricken are deletions; words underlined are additions.
hb4037-00
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
A bill to be entitled 1
An act relating to the Downtown Development Authority 2
of the City of Fort Lauderdale, Broward County; 3
amending chapter 2005 -346, Laws of Florida; removing 4
the expiration date of the Downton Development 5
Authority of the City of Fort Lauderdale; providing 6
for transfer of assets upon dissolution pursuant to 7
law; providing an effective date. 8
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WHEREAS, the Downtown Development Authority of the City of 10
Fort Lauderdale (DDA) was created by special act of the 11
Legislature in 1965, and 12
WHEREAS, the DDA has been the driving force in the growth 13
and progress of Downtown Fort Lauderdale for the past five 14
decades, and 15
WHEREAS, the DDA has dedicated land and resources for 16
public amenities, including the Broward Center for the 17
Performing Arts, the Downtown Library, the Museum of Discovery 18
and Science, and Huizenga Park, among many others, and 19
WHEREAS, the DDA has been active in providing input and 20
solutions for important o ngoing issues such as transportation, 21
affordable housing, community safety, and parks and public space 22
improvements, and 23
HB 4037 2025
CODING: Words stricken are deletions; words underlined are additions.
hb4037-00
Page 2 of 2
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
WHEREAS, the DDA is an important vehicle for representation 24
and participation of the commercial property owners in Downtown 25
Fort Lauderdale, and 26
WHEREAS, the Legislature has reviewed downtown development 27
authorities and special districts on a periodic basis so that a 28
separate termination date is not needed given the important role 29
the DDA occupies in the community, NOW, THEREFORE, 30
31
Be It Enacted by the Legislature of the State of Florida: 32
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Section 1. Section 15 of section 3 of chapter 2005 -346, 34
Laws of Florida, is amended to read: 35
Section 15. Upon the dissolution of the authority pursuant 36
to law On December 31, 2030 , this law shall expire and all 37
assets of the authority shall on or before the dissolution that 38
date be transferred by the authority to the city. Any assets 39
remaining in the hands of the authority on the dissolution date 40
December 31, 2030, shall automatically devolve upon and become 41
the property of the city. In the event there shall be any 42
indebtedness outstanding against the authority, the city may 43
continue to levy whatever portion shall be necessary of the tax 44
authorized by this law to retire such indebtedness. 45
Section 2. This act shall take effect upon becoming a law. 46