California Government Code

§ 66006

GOV § 66006 Effective Jan 1, 2024Div. 1 · Title 7 · Ch. 5

Statute text

(a)If a local agency requires the payment of a fee specified in subdivision (c) in connection with the approval of a development project, the local agency receiving the fee shall deposit it with the other fees for the improvement in a separate capital facilities account or fund in a manner to avoid any commingling of the fees with other revenues and funds of the local agency, except for temporary investments, and expend those fees solely for the purpose for which the fee was collected. Any interest income earned by moneys in the capital facilities account or fund shall also be deposited in that account or fund and shall be expended only for the purpose for which the fee was originally collected.

(b)(1) For each separate account or fund established pursuant to subdivision (a), the local agency shall, within 180 days after the last day of each fiscal year, make available to the public the following information for the fiscal year:

(A)A brief description of the type of fee in the account or fund.

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Legislative history

Amended by Stats. 2023, Ch. 741, Sec. 1. (AB 516) Effective January 1, 2024.