RELATING TO SCHOOL IMPACT FEES.
What changed between versions
Removed the requirement for the Land Use Commission to impose exactions (land or money) from residential developments for educational purposes.
Added a prohibition on the Land Use Commission from imposing exactions from residential developments for educational purposes.
Modified the handling of unencumbered funds from abolished impact fee and fair share accounts, transferring them to the School Facilities Special Fund instead of letting them lapse.
Added an appropriation of unspecified funds from the School Facilities Special Fund for priority education projects, including pre-kindergarten expansion.
Added a requirement that the School Facilities Authority must administer transferred funds to ensure expenditures remain proportionate to impacts generated within specific districts.
Removed the requirement for the School Facilities Authority to submit an annual report to the legislature regarding its findings and evaluations.
Modified the definition of how unencumbered balances in fair share accounts are used, restricting them to the specific complex where contributions were originally collected.