Land use: development fees: reimbursement.

Existing law authorizes a school district to levy a fee, charge, dedication, or other requirement against any construction within the boundaries of the school district for the purpose of funding the construction or reconstruction of school facilities. Existing law authorizes a school district to increase the levy, as prescribed, if state funds for new school facility construction are not available, as defined, and also authorizes a school district to offer a reimbursement election to the person subject to the increased fee, providing for reimbursement of the supplemental amount raised by the increased fee, to the extent that the district receives funds from the state for construction of the facilities for which the increased fee was required, less any amount expended by the district for interim housing. This bill would require a person subject to the increased fee who has accepted the offer of a reimbursement election from the school district to also be reimbursed any interest on that supplemental amount accrued during the interim time period prior to the district receiving those funds, as determined by the school district.