Relating to reimbursement of infrastructure costs incurred by a developer of certain housing developments by certain municipalities and counties.
What changed between versions
Infrastructure definition was expanded to include broadband Internet service in addition to water, wastewater, electricity, streets, roads, highways, and bridges.
Added specific requirement that at least 80 percent of lots must accommodate single-family residences between 1,000 and 2,500 square feet in area.
Added requirement that developments must be governed by property owner or land lease agreements with restrictive covenants for common areas and community regulations.
Added requirement that developers must offer units to veterans, active duty military, first responders, or school district employees.
Added annual reporting requirement for developers to submit itemized cost lists and proof of payment for reimbursed infrastructure costs.
Modified reimbursement timeline to require initial payment within 90 days of receiving notice, with total reimbursement capped at property taxes paid by the developer.
Added effective date of September 1, 2025, and clarified that changes apply only to costs incurred on or after that date.
