5664 AMS MCAU S1988.1

SB 5664  - S AMD107
     By Senator McAuliffe

NOT CONSIDERED

     On page 2, line 32, after "prospective purchaser." insert "If school impact fees are deferred pursuant to a deferral covenant authorized under this subsection (3)(a)(i), the disclosure must state that school facilities may be overcrowded due to the delay in the affected school district's receipt of school impact fees."

EFFECT:  Adds language to the required disclosure to indicate that adequate school facilities may be overcrowded as a result of the delayed receipt of school impact fees.

--- END ---