2006 Utah Code - 11-36-302 — Impact fees -- Expenditure.

     11-36-302.   Impact fees -- Expenditure.
     (1) A local political subdivision may expend impact fees only for:
     (a) system improvements for public facilities identified in the capital facilities plan; and
     (b) system improvements for the specific public facility type for which the fee was collected.
     (2) (a) Except as provided in Subsection (b), a local political subdivision shall expend or encumber the impact fees for a permissible use within six years of their receipt.
     (b) A local political subdivision may hold the fees for longer than six years if it identifies, in writing:
     (i) an extraordinary and compelling reason why the fees should be held longer than six years; and
     (ii) an absolute date by which the fees will be expended.

Enacted by Chapter 11, 1995 Special Session 1