The bill H. 5088 aims to amend the South Carolina Code of Laws regarding developmental impact fees. Specifically, it modifies Section 6-1-920 to expand the definition of public facilities to include road resurfacing, in addition to roads, streets, and bridges. Furthermore, the bill amends Section 6-1-1020 to extend the time frame for governmental entities to expend impact fee revenues from three years to seven years.

These changes are intended to provide greater clarity and flexibility in the management of impact fees, particularly in relation to infrastructure improvements. The bill emphasizes the importance of road maintenance and development in the context of growth and urban planning, while also ensuring that funds are utilized within a reasonable time frame. The act will take effect upon approval by the Governor.

Statutes affected:
02/04/2026: 6-1-920, 6-1-1020
Latest Version: 6-1-920, 6-1-1020