5664-S AMS MCAU S1959.1

SSB 5664  - S AMD89
     By Senator McAuliffe

NOT CONSIDERED

     On page 3, line 3, after "certification." insert "Any process for deferring an impact fee payment under this subsection (3)(a)(ii) must require the applicant to execute an agreement that such deferred impact fees must be paid no later than final inspection or certificate of occupancy, or equivalent certification, as applicable, and that any failure to timely pay results in the agreement automatically converting to a recordable lien."

EFFECT:  Provides for documentation for impact fee payments that are deferred but where no covenant is executed and provides a mechanism for seeking payment where fees are not collected.

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