HB 6864

Abstract

Amends the Counties Code. Allows counties to impose a development impact fee by ordinance, resolution, or development agreement to undertake capital improvements, including the acquisition of land, improvements to the county highway system and to county buildings, and equipment and staffing. Sets forth requirements for setting the amount of the impact fee. Requires that the impact fees be deposited into interest bearing accounts designated solely for capital improvements for each school district, park district, library district, or fire protection district located in the county and affected by the new development, and provides that the county is accountable to each of those units of local government for the expenditure of those moneys. Effective immediately.