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GA SB322
Bill
Status
Engrossed
2/21/2020
Primary Sponsor
Frank Ginn
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AI Summary
- Amends Georgia Code Section 36-71-4 to allow municipalities and counties to waive the requirement that an exempt affordable housing project's proportionate share of system improvements be funded through an alternative revenue source
- Affordable housing projects may receive a full waiver of the alternative-funding requirement provided the exemption policy is included in the local government's comprehensive plan
- Prohibits municipalities and counties from increasing development impact fees on other projects solely to offset the lost revenue from an exempted affordable housing project
- Existing law already permitted development impact fee exemptions for projects creating extraordinary economic development, employment growth, or affordable housing; this bill eases the conditions specifically for affordable housing projects
Legislative Description
Development Impact Fees; exemption of development projects from funding such projects' proportionate share of system improvement; authorize
Last Action
House Committee Favorably Reported By Substitute
6/24/2020
Full Bill Text
No bill text available