Relates to the use of certain park funds for improvement, expansion, repair, replacement or maintenance of parks

Summary

The bill amends town law so that any subdivision or site plan over 25 acres for residential, commercial, or industrial development must either reserve land for a park or provide a monetary contribution for park projects. The contribution must be at least 20% of the land’s value or projected improvement costs, but cannot exceed 30% of the land’s value, and is placed in a trust fund used only for park construction, repair, expansion, and maintenance. This targets developers and town planning boards to protect and enhance community recreational spaces.

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