Staff Analysis of the Legislation
|
SUMMARY: LC 28 7902 "Georgia Development Impact Fee Act". This bill would allow school boards to impose educational development impact fees. Counties and cities will be required to collect the educational development impact fee for the school board at the time that the building permit fee is collected. The county or city may retain up to 3% of the fee to cover administrative costs before forwarding the remainder to the school board.
EFFECTIVE DATE: Upon approval by the General Assembly and Governor.
|