NOTE: As provided in LFC policy, this report is intended for use by the standing finance committees of the legislature. The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.
Only the most recent FIR version, excluding attachments, is available on the Intranet. Previously issued FIRs and attachments may be obtained from the LFC office in Suite 101 of the State Capitol Building North.
| SPONSOR: | Carraro | DATE TYPED: | 02/27/01 | HB | |||
| SHORT TITLE: | Exempt Schools from Payment of Impact Fees | SB | 608 | ||||
| ANALYST: | Kehoe | ||||||
APPROPRIATION
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY01 | FY02 | FY01 | FY02 | ||
| NFI | |||||
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
SUMMARY
Synopsis of Bill
Senate Bill 608 amends the Development Fees Act exempting public schools from payment of impact fees.
Significant Issues
As defined in the Development Fees Act, "impact fees means a charge or assessment imposed by a municipality or county on new development in order to generate revenue for funding or recouping the costs of capital improvements or facility expansions necessitated by and attributable to the new development. The term includes amortized charges, lump-sum charges, capital recovery fees, contributions in aid of construction, development fees and any other fee that functions as described by this definition. The term does not include construction or dedication of on-site water distribution, wastewater collection or drainage facilities, or streets, sidewalks or curbs if the dedication or construction is required by a previously adopted valid ordinance or regulation and is necessitated by and attributable to the new development."
Senate Bill 608 amends Section 5-8-14 of the Development Act to exempt public schools, a governmental entity, from paying impact fees.
The bill contains an emergency clause.
POSSIBLE QUESTIONS
LMK/njw