This bill allows municipalities to impose impact fees on new developments to address the demand for public works facilities that arise from such developments. Specifically, it amends the definition of "impact fee" in RSA 674:21, V to include "public works facilities" as eligible capital facilities for which these fees can be assessed. This addition broadens the scope of what municipalities can consider when determining the necessary infrastructure improvements related to new construction or land use changes.

The bill also specifies that the impact fees can be used for a variety of capital facilities, including water treatment, wastewater treatment, public safety, and recreational facilities, among others. The effective date of the act is set for 60 days after its passage, ensuring that municipalities can begin implementing these changes promptly. Overall, the bill aims to enhance local infrastructure planning and funding in response to development activities.