Plain English Breakdown
The effective date is listed as empty in the metadata, so it is unknown when this law will take effect.
HB656: Local Government Development Impact Fees
This bill allows local governments to charge development impact fees for public facilities built through agreements between developers and the government.
What This Bill Does
- Authorizes the assessment of development impact fees for public facilities produced through agreements between developers and governmental entities.
- Revises definitions related to development impact fees in Chapter 71 of Title 36 of the Official Code of Georgia Annotated.
- Extends the period of time a local government may encumber unspent impact fee funds.
- Provides for related matters.
Who It Names or Affects
- Local governments
- Developers entering into agreements with governmental entities
Limits and Unknowns
- The official summary does not specify the exact dollar amounts or percentage rates for these fees.
- The specific types of public facilities eligible are not detailed, only that they result from agreements between developers and governments.