CS/HB 991 Summary

• Amends chapter 2005-346, Laws of Florida, to revise the Downtown Development Authority of Fort Lauderdale's boundaries and definitions related to residential property exclusions.

• Adds specific residential properties to the authority's boundaries upon approval by majority vote in a referendum limited to downtown property owners who are not wholly exempt from taxation.

• Clarifies that "downtown" excludes residential units with active homestead exemptions, with the Executive Director certifying residency status at book closing for authority elections.

• Revises budget and millage procedures by requiring the authority to comply with Truth in Millage rules and s. 200.065, Florida Statutes, for adopting budgets and assessing ad valorem taxes.

• Takes effect only upon majority approval by qualified electors of the Downtown Development Authority voting in a referendum held in conjunction with a Broward County election.