FL S1510

Municipalities owning electric, natural gas, water, or wastewater utilities may transfer a portion of utility revenues to fund general government functions, capped at a transfer rate derived from the Public Service Commission's approved rates of return on equity for corresponding investor-owned utilities

Transfer rates must be reduced by 150, 300, or 450 basis points when more than 15%, 30%, or 45% of a municipal utility's retail customers (by meters served) are located outside municipal boundaries, respectively

The basis-point reductions do not apply if the utility is governed by an authority board that provides approximately proportionate elected representation to customers outside municipal boundaries

Eliminates the previous allowance for municipalities to add a 25% surcharge on water/sewer rates for outside-boundary consumers and reduces the maximum total rate differential from 50% above in-municipality rates to 25% above

Prohibits a municipality operating a water or sewer utility from charging consumers located within a separate municipality more than the rates charged to consumers within its own boundaries, when the treatment plant is located in that separate municipality; effective date is July 1, 2025