This bill proposes several updates to current statutes regarding development fees in Arizona. Notably, it modifies the language surrounding the collection and payment of development fees, allowing developers of residential units to choose to pay these fees either at the time of construction permit issuance or defer payment until no more than fifteen days after the issuance of a certificate of occupancy, provided they offer appropriate security. Additionally, the bill introduces provisions for municipalities to issue credits toward development fees for the dedication of public sites or facilities, and it mandates that if a municipality requires the set aside of open space as a condition of development approval, it must provide a credit toward development fees for park facilities.

Furthermore, the bill establishes new regulations on the increase of development fees, stipulating that increases must be implemented in installments and cannot exceed certain thresholds. It also prohibits municipalities from assessing development fees on accessory dwelling units. Other changes include clarifications on the calculation of development fees, the treatment of excess tax contributions, and the requirements for advisory committees involved in the development fee process. Overall, these updates aim to streamline the development fee process while ensuring that municipalities can still fund necessary public services.

Statutes affected:
Introduced Version: 9-463.05, 9-511.01, 11-1102, 9-500.05, 9-461.18, 19-142