2015 -- H 5518

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LC001419

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2015

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A N   A C T

RELATING TO TOWNS AND CITIES - RHODE ISLAND DEVELOPMENT IMPACT FEE

ACT

     

     Introduced By: Representatives Shekarchi, Edwards, Solomon, Ucci, and McKiernan

     Date Introduced: February 12, 2015

     Referred To: House Finance

     It is enacted by the General Assembly as follows:

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     SECTION 1. Chapter 45-22.4 of the General Laws entitled "Rhode Island Development

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Impact Fee Act" is hereby amended by adding thereto the following section:

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     45-22.4-4.1. Moratorium on the assessment of impact fees. – (a) The general assembly

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hereby acknowledges the importance of providing relief to property owners and builders who are

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proposing construction in the cities and towns by reducing the impact fees to reflect the reduction

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in the issuance of building permits, the extremely poor condition of the building markets, and the

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continued economic problems impacting the building industry. Accordingly, the general assembly

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finds that a moratorium on the assessment of impact fees shall be established in an effort to

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stimulate the building markets.

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     (b) The general assembly hereby imposes a moratorium on the assessment and collection

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of all impact fees as currently established or proposed by the cities, towns, or their fire districts

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for all new construction and development pursuant to this chapter. This moratorium shall be in

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place for a period of thirty-six (36) months from the effective date of this section or until new

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statewide single family permit activity exceeds one thousand five hundred (1,500) units per year.

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     SECTION 2. This act shall take effect upon passage.

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LC001419

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO TOWNS AND CITIES - RHODE ISLAND DEVELOPMENT IMPACT FEE

ACT

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     This act would impose a moratorium on the assessment and collection of impact fees on

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cities and towns for the construction of public facilities for a period of thirty-six (36) months or

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until new statewide single family permit activity exceeds one thousand five hundred (1,500)

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units.

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     This act would take effect upon passage.

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LC001419

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