Govenor Ron DeSantis has signed legislation that gives the state of Florida control over Walt Disney, $DIS, World's self-governing district, Reedy Creek

Govenor Ron DeSantis has signed legislation that gives the state of Florida control over Walt Disney, $DIS, World's self-governing district, Reedy Creek.

“Today, the corporate kingdom finally comes to an end,” DeSantis said Monday at a Reedy Creek fire station in Lake Buena Vista, Florida. “There’s a new sheriff in town and accountability will be the order of the day.”

It allows the governor to replace the district’s existing board – mostly people with ties to Disney – with a five-member body that he hand-picks.

“Disney came out against something that was really just about protecting young kids, and making sure that students are able to go to school learning to read, write, add, subtract, and not having a teacher tell them that they can change their gender,” DeSantis said Monday. “And I think most parents agree with that. But you know, that was only a mild annoyance. I think that what we came to realize after that dust settled on that was you clearly had a movement within the corporation itself.”

"Since the 1960s, they’ve enjoyed privileges unlike any company or individual in the state of Florida has ever enjoyed," DeSantis said at a news conference held at a firehouse minutes away from Disney World. "They had exemptions from laws that everyone else had to follow. They were able to get huge amounts of benefits without paying their fair share of taxes."