FL S1420

Counties and municipalities are prohibited from transferring revenues collected from utility services (water, wastewater, stormwater, electric, gas) to finance general governmental functions, special projects, or bonds unrelated to utility operations

Revenue surpluses from utility services must be returned to ratepayers through rebates, credits, or new appliances and services

Local government utilities must develop a 5-year budget forecast and strategies addressing maintenance, service improvements, population growth, new technologies, and climate-related costs from storms, floods, and water shortages

Counties and municipalities are prohibited from charging customers outside jurisdictional boundaries rates or surcharges exceeding the actual costs of providing services at more distant locations

Removes the existing authorization allowing municipalities to add up to a 25% surcharge to water and sewer customers outside municipal boundaries

Violations may result in withholding of state funds from the county or municipal utility