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2015 SESSION

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SB 1257 Cash proffer for residential construction; sunset date.

Introduced by: Ralph K. Smith | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Cash proffers for residential construction; sunset date. Removes the July 1, 2017, expiration date of a current law that delays the payment of certain per-dwelling-unit cash proffers until after the final inspection of the subject property and prior to the issuance of any certificate of occupancy. The removal of the sunset date also extends existing provisions protecting a right to delayed payment of cash proffers and allowing a court to award fees and costs to a party that prevails in a legal challenge to a conflicting ordinance. In addition, the bill repeals the July 1, 2017, expiration date of a 2009 act of assembly that lowered the cap on the administrative costs a locality could charge a developer for the dedication of a public right-of-way from 25 percent to 10 percent of the estimated construction cost. This bill incorporates SB 726 and SB 1065.


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