Requires counties, cities, and towns collecting impact fees to adopt a permanent system for the collection of the fees from applicants for certain residential building permits. (See also SB 5664).   Official Text and Analysis.

Removes provisions in the underlying bill specifying that: a seller or a seller's agent, or both, of property subject to an impact fee deferral covenant must provide written disclosure of the covenant to a purchaser or prospective purchaser; and disclosure of the covenant must include the amount of impact fees payable and the entities to which fees are to be paid at closing. The substitute bill adds a provision obligating the seller of a property subject to an impact fee deferral covenant to provide written disclosure of the covenant in accordance with existing sellers' disclosure requirements for real property transfers.

Specifies that, in using the covenant-based impact fee deferral process required in the underlying bill, the development permit applicant must, rather than may, record a covenant against title to the lot or unit subject to the impact fee obligation. (2) Modifies covenant provisions to specify that the applicable deferral-related covenant must be a lien that is binding upon all successors in title after its recording. (3) Deletes a provision requiring recorded covenants to provide for the payment of a deferred impact fee through escrow. (4) Specifies that counties, cities, or towns with processes to delay all impact fees in place prior to the effective date are exempt from the deferral requirements of the underlying bill if the prior deferral processes remain in effect. (5) Authorizes prior impact fee deferral processes of local governments to be amended in accordance with specified requirements. (6) Establishes a delayed effective date for the bill of December 1, 2013.

Obligates counties, cities, and towns to adopt deferral systems for the collection of impact fees from applicants for residential building permits through a covenant-based process, or through a process that delays payment until final inspection, certificate of occupancy, or equivalent certification. Authorizes counties, cities, and towns to adopt alternative impact fee collection deferral systems if certain requirements are met. Delays the starting of the six-year time frame for satisfying concurrency provisions of the Growth Management Act until after the county or city receives full payment of all deferred impact fees.

Clarifies the exemption for counties, cities, and towns that have preexisting impact fee delay processes from the obligation to establish an impact fee deferral system; and exempts school impact fees.

Clarifies the exemption for counties, cities, and towns that have preexisting impact fee delay processes from the obligation to establish an impact fee deferral system. Makes technical changes.

Obligates counties, cities, and towns to adopt deferral systems for the collection of impact fees from applicants for residential building permits through a covenant-based process, or through a process that delays payment until final inspection, certificate of occupancy, or equivalent certification. Authorizes counties, cities, and towns to adopt alternative impact fee collection deferral systems if certain requirements are met. Exempts counties, cities, and towns that have pre-existing impact fee delay processes from the obligation to establish an impact fee deferral system. Delays the starting of the six-year time frame for satisfying concurrency provisions of the Growth Management Act until after the county or city receives full payment of all deferred impact fees.

To concur in Senate amendment(s).

Because the deferral of impact fees under the bill would delay funding for schools when the state's paramount duty is to fund education. Many schools require impact fee revenues early in the calendar year to secure portable classrooms needed by the start of the new school year to ensure that students have appropriate classroom sizes and a healthy learning environment. Delayed payment of the fees can also adversely affect local transportation and fire protection services and other amenities needed to support growth.