Bill would let some districts use impact fees for modernization or limited O&M under oversight
Senate Bill 5943 would permit limited new uses of school impact fees: modernization projects when fees would revert to owners within four years, and up to 25% for operations and maintenance for districts in binding conditions (with administrator approval); builders and business groups warned it risks shifting costs to housing purchasers and raised legal concerns.
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Senate Bill 5943, presented to the committee, would expand two limited uses for school impact fees. Under the first circumstance, if impact fees collected by a district are set to revert to property owners within four years, those fees could be used for certain modernization projects to comply with state and federal standards for student safety, campus security, emergency response and energy efficiency. Under the second circumstance, a district in binding conditions or enhanced financial oversight could use up to 25% of impact-fee balances for operations and maintenance, with approval from an appointed special administrator.
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