FL S0850

Authorizes impact fees to be used for providing, constructing, improving, repairing, altering, or replacing new and existing capital facilities including transportation, utilities, water and sewer systems, parks, libraries, educational facilities, and health systems.

Creates a discretionary surcharge on real property transactions as an alternative to impact fees, with a combined maximum rate of $1 per $100 of property consideration across all county and municipal surcharges.

Requires surcharge ordinances to be proposed at least 2 weeks before adoption, explicitly state the intended purpose, and take effect 90 days after formal approval by majority vote of the governing authority.

Mandates that surcharge revenues be deposited into separate trust funds and used only for utilities, water and sewer systems, transportation facilities, parks and recreational facilities, libraries, health systems, and educational facilities.

Prohibits a county or municipality from assessing impact fees for the same purpose while a surcharge is in effect for that purpose.