MUNI CD-IMPACT MITIGATION FEES

Summary

The bill requires any Illinois municipality that can levy impact fees to calculate those fees with a standardized formula created by the Department of Commerce and Economic Opportunity, though they may set fees lower than the calculated maximum. Municipalities must adopt a model ordinance, publish a fee schedule before charging, and file annual reports on collections, spending, balances and housing units approved. The aim is to make impact fees more predictable, transparent and fair across the state.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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