SB 5664 -
By Senator Cleveland
NOT CONSIDERED
On page 3, after line 7, insert the following:
"(c) The department of commerce must establish and maintain a fund
accessible by counties, cities, towns, and school districts to seek
reimbursement for unpaid impact fees that were deferred under (a) of
this subsection (3). To be eligible to receive funds, a county, city,
town, or school district must submit: The lot or unit's parcel number,
address, or other identifying information; the identity of the current
property owner; a copy of the covenant or other agreement by which the
impact fee was deferred; and a certification that the deferred impact
fees remain unpaid."
EFFECT: Provides a system for ensuring that local governments receive funding for necessary infrastructure needed to support new development.