UPDATE: Reedy Creek Improvement District Bill Added to State Affairs Committee Agenda

Tomorrow, Wednesday, February 8, the Reedy Creek Improvement District Bill will be a part of the Florida State Affairs Committee Agenda.

Bill HB 9B – Reedy Creek Improvement District, Orange, and Osceola Counties, along with two other bills, will be up for consideration. The meeting, which will begin at 2:00 p.m., will be held in Webster Hall (212 Knott), and is expected to last four hours.

The Florida House of Representatives website states:

Reedy Creek Improvement District, Orange and Osceola Counties: Reenacting, amending & repealing chapter 67-764, Laws of Florida, relating to district; provides for continuation of authority for revenue collection & powers to meet outstanding obligations; renames district; provides boundaries; revises manner of selection of board of supervisors; provides term limits; revises board member compensation; revises powers of board; revises powers of district; provides for transition; provides for continued effect of stipulation between district & Orange County; provides exception to general law.

Once the bill becomes law, it will take effect immediately.

Currently, it is uncertain whether there will be a vote on the bill or just a discussion about the contents and recommendations.

Yesterday, we reported that after the had been filed, it was revealed that the district will be renamed the “Central Florida Tourism Oversight District.” The dissolution of Reedy Creek is expected to take place this June, however, now it will not take place.

“For a transitional period of no longer than 2 years from the effective date of this act, the district may continue doing business using “Reedy Creek Improvement District” as a fictitious name in order to provide sufficient time for the district to make the necessary name change on or to records, contracts, bonds, accounts, physical assets, and wherever else the district’s name is used.”

The bill also states that the government, not Disney, would be electing a board of supervisors, who would then be expected to propose a list of changes to the district’s power within one year.

“The board of supervisors shall submit to the Governor, the President of the Senate, and the Speaker of the House of Representatives, within 1 year after the effective date of this act, and every 5 years thereafter, a report that includes a review of all remaining powers and authorities included herein and any recommendations for consideration of eliminating said powers and authorities for potential repeal by the Legislature,” states the bill.

What do you think about the State of Florida’s takeover of the Reedy Creek Improvement District? Let us know in the comments below.

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