It was revealed on Friday that a bill would be submitted to the Florida Legislature that would establish a state-run board in place of Walt Disney World's unique self-governing authority.
The warning was published on the Osceola County website, which is where a portion of Disney World is located.
According to officials in the governor's office, Gov. Ron DeSantis is spearheading the campaign, and the proposed law will require that board members be nominated by the governor.
According to the sources, it will also guarantee that the firm, rather than Orange County taxpayers,
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will pay upwards of $700 million in unsecured debt accumulated by Disney's special authority, known as the Reedy Creek Improvement District.
After the business publicly opposed a new parental rights law in the state last year, DeSantis signed a measure into law eliminating Walt Disney World's special governing status in the state.
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At the bill signing, the Florida Republican accused Disney of lying about the "Parental Rights in Education" law's provisions
Disney will be liable for any financial repercussions, not taxpayers, and it will no longer be able to have its own government and taxing authorities.