Provides that the intent of this act is to better protect the public interest by setting the vesting date for many new land use projects as the date when permits are issued.

Establishes that applications for a proposed division of land, building permit, or other project approval are subject to zoning, permitting, and other land use control ordinances at the time the local government takes final action on the applications.

Establishes when development rights vest in cases in which a petition is pending before a growth management hearings board or a local government undertakes review of a comprehensive land use plan.

Establishes when land use or development rights vest for certain classes of large development projects.