Under the bill, which now goes to DeSantis for signing into law, the Central Florida Tourism Oversight District board, appointed by DeSantis to oversee development in and around Disney's theme parks, can cancel agreements that were signed up to three months before the board's creation.
It replaced the Reedy Creek Improvement District as the body overseeing the 25,000 acres surrounding the Walt Disney World resort.
Disney, the largest employer in central Florida, and DeSantis, a Republican, have been feuding since last year, when Disney criticized a state measure banning classroom discussion of sexuality and gender identity with younger children.
DeSantis, who is expected to soon declare his candidacy for U.S. president, has repeatedly attacked "woke Disney" in public remarks.
The Central Florida Tourism Oversight District board responded with its own lawsuit in a state court this week, saying it sought to void "backroom deals" favorable to Disney.