FL H1151

Amends s. 163.08, F.S., to create separate definitions and requirements for "commercial property" (including multifamily with 5+ units, industrial, agricultural, nonprofit, and government-leased properties) and "residential property" (4 or fewer dwelling units), with distinct qualifying improvement categories for each.

Expands qualifying improvements for commercial properties beyond energy efficiency and renewable energy to include "resiliency improvements" such as stormwater and flood resiliency, shoreline improvements, building elevation, and improvements to achieve wind or flood insurance rate reductions.

Caps the annual fee on non-ad valorem assessments for commercial property qualifying improvement financing at 1 percent of the annual assessment collected or $5,000, whichever is less, overriding existing fee provisions in ss. 192.091(2)(b) and 197.3632(8)(c).

Requires local governments to obtain written consent from mortgage holders or loan servicers before entering into a financing agreement with a commercial property owner, and allows financing agreements for commercial properties during new construction with progress payments permitted.

Applies prospectively only, with an effective date of July 1, 2023, and does not affect any existing non-ad valorem assessments or interlocal agreements between local governments.