<div class="chunk-title">Sec. 19-42. - Appropriation of school impact fee funds.</div>
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            <p class="incr0">
               (a)
               </p>
            		
            <p class="content1">
               <span class="ital">In general.</span> School impact fees shall be appropriated for school facilities necessitated by new
               residential construction and for the payment of principal, interest and other financing
               costs on contracts, bonds, notes or other obligations issued by or on behalf of the
               county or the school board to finance such school facilities.
               </p>
            		
            <p class="incr0">
               (b)
               </p>
            		
            <p class="content1">
               School impact fees shall, upon receipt by the county, be deposited into the school
               impact fee fund. The school impact fees shall remain in the fund until transferred
               to the school board or expended by the county pursuant to this section.
               </p>
            		
            <p class="incr0">
               (c)
               </p>
            		
            <p class="content1">
               The monies transferred from the school impact fee fund shall be used solely to provide
               school facilities which are necessitated by new residential construction, consistent
               with and as set forth in subsection (d), and shall not be used for any expenditure
               that would be classified as an operating expense, routine maintenance, or repair expense.
               The administrator shall establish and implement necessary accounting controls to ensure
               that all school impact fees are properly deposited, accounted for and appropriated
               in accordance with this chapter and any other applicable legal requirements.
               </p>
            		
            <p class="incr0">
               (d)
               </p>
            		
            <p class="content1">
               School impact fee fund monies shall be used only for the following:
               </p>
            		
            <p class="incr1">
               (1)
               </p>
            		
            <p class="content2">
               Costs of school sites; and
               </p>
            		
            <p class="incr1">
               (2)
               </p>
            		
            <p class="content2">
               School building costs; and
               </p>
            		
            <p class="incr1">
               (3)
               </p>
            		
            <p class="content2">
               Relocatable classroom costs; and
               </p>
            		
            <p class="incr1">
               (4)
               </p>
            		
            <p class="content2">
               Building contents costs; and
               </p>
            		
            <p class="incr1">
               (5)
               </p>
            		
            <p class="content2">
               Costs of non-building improvements; and
               </p>
            		
            <p class="incr1">
               (6)
               </p>
            		
            <p class="content2">
               Costs of vehicles.
               </p>
            		
            <p class="incr0">
               (e)
               </p>
            		
            <p class="content1">
               Additionally, school impact fee fund monies may be used for the following:
               </p>
            		
            <p class="incr1">
               (1)
               </p>
            		
            <p class="content2">
               Repayment of monies borrowed from any budgetary fund of the county subsequent to the
               effective date of this chapter, where such borrowed monies were used to fund growth
               necessitated capital improvements to school facilities as provided herein.
               </p>
            		
            <p class="incr1">
               (2)
               </p>
            		
            <p class="content2">
               Payment of principal and interest, necessary reserves and costs of issuance under
               any bonds or other indebtedness issued by the county to fund growth-necessitated improvements
               to the school system subsequent to the effective date of this chapter.
               </p>
            		
            <p class="incr0">
               (f)
               </p>
            		
            <p class="content1">
               The school board shall provide an annual accounting to the county in a report format
               containing a summary of the school impact fees transferred to the school board during
               the previous year and a detailed description of the uses and expenditures for which
               the net school impact fee revenue was expended during the preceding year. At a minimum
               the report shall contain the following:
               </p>
            		
            <p class="incr1">
               (1)
               </p>
            		
            <p class="content2">
               The projects funded in whole or in part with the school impact fee funds; and
               </p>
            		
            <p class="incr1">
               (2)
               </p>
            		
            <p class="content2">
               The location of the projects; and
               </p>
            		
            <p class="incr1">
               (3)
               </p>
            		
            <p class="content2">
               The capacity in number of students served by the projects; and
               </p>
            		
            <p class="incr1">
               (4)
               </p>
            		
            <p class="content2">
               The square footage of each project.
               </p>
            		
            <p class="historynote0">
               (Ord. of 9-8-03(1), Â§ 1)
               </p></div>