Colorado Legislative Council Staff
LOCALCONDITIONAL FISCAL IMPACT
No State General Fund Impact
Drafting Number: Prime Sponsor(s): |
LLS 99-0228 Sen. Matsunaka |
Date: Bill Status: Fiscal Analyst: |
January 5, 1999 Senate Local Government Steve Tammeus (866-2756) |
TITLE: CONCERNING THE AUTHORITY OF A SPECIAL DISTRICT TO WAIVE CHARGES AGAINST PROPERTY WITHIN THE DISTRICT FOR THE PURPOSE OF FACILITATING AFFORDABLE HOUSING.
Fiscal Impact Summary |
FY 1999/2000 |
FY 2000/2001 |
State Revenues General Fund |
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State Expenditures General Fund |
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FTE Position Change |
0.0 FTE |
0.0 FTE |
Other State Impact: None. |
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Effective Date: Upon signature of the Governor. |
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Appropriation Summary for FY 1999-2000: None. |
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Local Government Impact: Allows special districts to partially or fully waive fees and charges. |
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Summary of Legislation
This bill authorizes the board of a special district to partially or fully waive its fees and charges against property within the district to facilitate affordable housing, as defined by the board. The board shall have the authority to encumber the title of the property requiring the payment of waived fees and charges in the event the property is no longer used as affordable housing or no longer meets the definition.
Local Government Impact
This bill allows any special district to elect to waive fees and charges (local government revenue) to encourage affordable housing. Therefore, the bill is assessed as having a local conditional fiscal impact.
The types and amounts of fees and charges vary among the 1,490 special and other districts in the state. This fiscal note cannot assess the number of districts, if any, that may elect to utilize the provisions of this bill.
State Appropriations
This fiscal note would imply that no new state appropriations are required for FY 1999-2000.
Departments Contacted
Local Affairs