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Florida Impact Fee Act Sent to Governor
June 15th, 2006
GOOD NEWS ALERT!
ATTENTION ALL DEVELOPERS/BUILDERS!
Sent to Governor
The Florida Impact Fee Act, as part of Senate Bill 1194 (the “Act”), was sent to the Governor’s office on
The main points of the Act are as follows:
· Require calculation of the DIF to be based on the “most recent and localized data”
· DIF revenues and expenditures must be kept in a separate (special revenue) “accounting fund”
· Limit administrative expenses to “actual costs”
· Audit of the local government must also have a separate signed affidavit certifying compliance with the Act
Why is this “Good News” for Developers?
The Act provides grounds to challenge new DIF. Under the Act, builders/developers can demand a review of how current impact fees are used and calculated. An evaluation of the local government’s books can determine whether the local government is calculating and using DIF appropriately. Evaluation of the proposed DIF program must be based on
· “Recent and localized” data based on agency specific needs and standards
· Administrative fees limited to “actual costs”
· Segregated collection and expenditure of impact fee revenue
What can DPFG do to help Developers/Builders benefit from the new ACT?
As your consultant, DPFG can effectively and efficiently evaluate the appropriateness of DIF being imposed on your project, and dissect and review DIF revenues and expenditures. Our efforts in engagements in this area has resulted in significant reduction in DIF for our developer and builder clients and reduced their project costs.
For further information, please contact
