|BILL AS INTRODUCED||2007-2008|
Introduced by Senator Collins of Franklin District
Subject: Municipal government; impact fees; authorization
Statement of purpose: This bill proposes to eliminate the authority of municipalities to levy impact fees for school capital projects and require that if a municipality does not spend an impact fee within six years, the municipality shall notify the owner of the property by certified mail that he or she is entitled to a refund of those fees and shall refund those fees at the request of the owner of the property.
AN ACT RELATING TO MUNICIPAL IMPACT FEES
It is hereby enacted by the General Assembly of the State of Vermont:
Sec. 1. 24 V.S.A. § 5200 is amended to read:
§ 5200. PURPOSE
is the intent of this chapter to enable municipalities to require the
beneficiaries of new development to pay their proportionate share of the cost
and school capital projects which benefit them and to
require them to pay for or mitigate the negative effects of construction.
Sec. 2. 24 V.S.A. § 5203(e) is amended to read:
The municipality shall provide an annual accounting for each impact fee
showing the source, amount of each fee collected, and project that was
funded with the fee. The municipality
must shall spend the
fee on the capital project , for which the fee was intended ,
within six years of when the fee was paid. If it fails to do this, the
owner of the property at the expiration of the six-year period may apply for
and receive a refund of his or her proportionate share of that fee during the
year following the date on which the right to claim the refund began.
If a municipality does not spend the fee within this time period, the
municipality shall notify the owner of the property by certified mail that he
or she is entitled to a refund of the fee and shall refund the fee at the
request of the owner of the property.
The Vermont General Assembly
115 State Street