FL S0466

Creates the Coastal Barriers Infrastructure Finance Act to allow coastal barrier communities to establish infrastructure-financing districts for financing and constructing underground utility systems.

Establishes a referendum process requiring 10 percent of registered resident electors in a coastal barrier to petition for a referendum, which must be conducted within 120 days and approved by simple majority vote.

Authorizes infrastructure-financing districts to adopt a coastal barrier infrastructure plan within 6 months, including utility inventory, rights-of-way identification, and underground utility facility design.

Requires establishment of a local trust fund funded by at least 75 percent of ad valorem tax increment collected within the district, continuing until all projects are completed or debt is repaid.

Exempts seven categories of public bodies from this part, including special districts spanning multiple counties, library districts, water management districts, and community redevelopment agencies; effective July 1, 2012.