FL S1574

Creates section 287.05905, Florida Statutes, establishing limits on contingency fee contracts between local/regional governmental entities and private attorneys or law firms

Defines "local or regional governmental entity" to include municipalities, counties, school boards, special districts, regional planning councils, water management districts, and other regional entities created by law

Establishes a sliding scale cap on contingency fees: 25% of recovery up to $10 million, 20% for $10-15 million, 15% for $15-20 million, 10% for $20-25 million, and 5% for amounts exceeding $25 million

Caps the total aggregate contingency fee at $20 million, excluding reasonable costs and expenses, regardless of the number of lawsuits filed or attorneys retained

Effective date of July 1, 2020