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FL S1796
Bill
AI Summary
- Local governments imposing nonmonetary exactions under concurrency requirements must provide compensation equal to the fair market value of the exaction imposed
- Impact fees may only be collected if the property subject to the fee either currently receives or will receive the service within the spending period adopted in the local ordinance or resolution
- Local governments and special districts that adopt impact fees must establish impact fee zones or districts to ensure fees are spent on additional capital facilities within the appropriate zone or district where the new construction occurs
- Applies to both local governments collecting impact fees by ordinance and special districts collecting impact fees by resolution
- Effective date of October 1, 2024; sponsored by Senator Burgess
Legislative Description
Local Government Impact Fees and Exactions
Last Action
Died in Community Affairs
3/8/2024
Full Bill Text
No bill text available