§ 9.75-67. Expenditures; restrictions.

(a)

Expenditures from the impact fee accounts shall be made only for the category of system improvements within the service area for which the development impact fee was assessed and collected.

(b)

Except as provided below, development impact fees shall not be expended for any purpose that does not involve building or expanding system improvements that create additional capacity available to serve new growth and development.

(c)

Notwithstanding anything to the contrary in this chapter, the following shall be considered general revenue of Cartersville, and may be expended accordingly:

(1)

Impact fees collected to recover the present value of excess capacity in existing system improvements;

(2)

Any portion of an impact fee collected as a repayment for expenditures made by Cartersville for system improvements intended to be funded by such impact fee; and

(3)

Any portion of the impact fee (but not to exceed three (3) percent of the total) collected and allocated by the administrator for administration of the impact fee ordinance, and such additional amount assessed for repayment of the cost of preparing the capital improvements element of the comprehensive plan.

(Ord. No. 71-06, § 7.02, 10-19-06)