Establishes an operational sinking fund for impact fees, excluding schools, to fund county operations.
West Virginia HB5329 proposes to create an operational sinking fund for impact fees, allowing for the funding of various operations related to expanding public services due to growth. The fund can include both new and existing impact fees, but it cannot exceed 25% of the total impact fee collected. The fund is permitted for all county operations except for schools. The bill becomes effective upon passage.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.