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1999 SESSION

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SB 998 Issuance of building permits may be based on capital improvements.

Introduced by: William C. Mims | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Issuance of building permits may be based on capital improvements. Allows high-growth localities by ordinance to establish the maximum number of residential building permits to be issued in each calendar year. However, the locality shall first (i) establish reasonable, maximum debt ratios for the locality after consultation with its financial advisors, (ii) adopt a capital improvements program and annually fund the program, and (iii) annually fund at least 10 percent of the capital improvements program with current revenues, exclusive of debt service or proffered zoning conditions. The number of new residential units in each upcoming calendar year is to be determined by analyzing the ability of the locality to provide school capacity as measured against the adopted maximum debt ratios and capital improvements program. Such ordinance may include reasonable provisions for (i) the allocation of residential building permits by established planning areas during the year and (ii) the payment by the builder of a proportional cash contribution for school capital costs in the event the builder seeks a building permit beyond the established limit for the year. The provisions of the section expire on July 1, 2004.


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