Digest: The Act makes OHCS guarantee a local government's collection of a fee to be paid by a home builder on a delayed schedule. The Act goes into effect when the Governor signs it. (Flesch Readability Score: 69.5).
Requires the Housing and Community Services Department to guarantee local governments' deferral of system development charges for housing developments. Becomes operative on January 1, 2025.
Establishes the Municipal Development Protection Fund for such purposes. Appropriates moneys to the fund.
Declares an emergency, effective on passage.