Amends Chapter 67 of the Private Acts of 1953; as amended and rewritten.
Tennessee SB1435 authorizes the city council to impose impact fees on new development, contingent upon local approval. This bill affects municipalities within the state, allowing them to charge fees to developers to help cover the costs associated with new infrastructure and services resulting from the development. Key provisions include the stipulation that the imposition of such fees requires local legislative approval.
Tennessee SB1435 authorizes the city council to impose impact fees on new development, contingent upon local approval. This bill affects municipalities within the state, allowing them to charge fees to developers to help cover the costs associated with new infrastructure and services resulting from the development. Key provisions include the stipulation that the imposition of such fees requires local legislative approval.
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