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: 12 163.081Financing 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.