FL S0706

Amends the definition of when school concurrency is satisfied to require developers to tender a written, legally binding commitment to provide proportionate-share mitigation for school facilities rather than executing an agreement.

Requires the district school board to notify the local government within 30 days after receiving a developer's legally binding commitment that capacity is available for development.

Mandates that proportionate-share mitigation funds must be directed toward a school capacity improvement identified in the 5-year educational facilities plan, or be set aside and not spent until such an improvement has been identified.

Maintains existing proportionate-share mitigation options including land contributions, school facility construction or expansion, charter school construction, and mitigation banking based on capacity credits.

Takes effect July 1, 2022.