§ 11-36a-602. Expenditure of impact fees.

Latest version.

(1)

A local political subdivision may expend impact fees only for a system improvement:

(a)	identified in the impact fee facilities plan; and

(b)	for the specific public facility type for which the fee was collected.

(2)

(a)	Except as provided in Subsection (2)(b), a local political subdivision shall expend or encumber the impact fees for a permissible use within six years of their receipt.

(b)

A local political subdivision may hold the fees for longer than six years if it identifies, in writing:

(i)	an extraordinary and compelling reason why the fees should be held longer than six years; and

(ii)	an absolute date by which the fees will be expended.

Enacted by Chapter 47, 2011 General Session

                    
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