New Jersey S3227 authorizes municipalities to assess development impact fees following state guidelines and appropriates funds for the Development.
New Jersey S3227, known as the "Municipal Development Impact Fee Authorization Act," allows municipalities to impose impact fees on developers to fund capital improvements related to new development. The bill outlines the conditions under which impact fees can be assessed, including the requirement for municipalities to adopt a capital improvement program and a master plan. Impact fees can be used to finance various capital improvements, such as transportation, water treatment, and educational facilities.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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