SCHOOLS IMPACT FEES

Creates the Illinois School Land and Capital Facilities Assessment Act. Authorizes school districts to impose assessment fees on the owners of newly constructed dwelling units for school land and capital facilities, and prohibits units of local government from imposing impact fees on new development for school purposes. Requires school districts to conduct needs assessments, adopt plans, and hold public hearings before imposing assessment fees. Sets forth requirements and procedures for the imposition, payment, and use of the assessment fees. Sets forth limitations on challenges to the imposition or use of the assessment fees. Requires units of local government to repeal existing ordinances imposing school impact fees. Makes an exemption for existing impact fee agreements. Preempts home rule powers. Effective immediately.