§ 2-31-211. Use of facility investment fees.

(a)

Facility investment fees collected by the county shall be used only for capital costs of construction and related costs, including engineering, legal, financing, administrative, debt service, and other lawful purposes, for increases in or expansions of capacity or capital requirements required solely due to new development. Facility investment fees shall not be used for expenses due to upgrading a facility or increased expenses due to operation or maintenance of a facility.

(b)

The county shall provide for accounting and reporting of facility investment fee collections and expenditures in accordance with applicable law, including F.S. § 163.31801, and generally accepted accounting principles. The county shall account for the revenues and expenditures of such facility investment fees in a separate accounting fund.

(Ord. No. 06-88, § 1, 10-24-06)