§ 62-813. Use of funds.

(a)

The collecting and administering governmental units shall be entitled to up to but not more than eight percent of the funds collected pursuant to this division to compensate them for the administrative expense of collecting the fee and administering this division. All remaining funds collected from transportation impact fees shall be used for the purpose of capital improvements to and expansion of transportation facilities associated with the arterial and collector network in the county. Such improvements shall be of the type made necessary by new growth and development in the county. Funds may also be used to retire bonded indebtedness incurred in the construction of projects made necessary by new growth and development.

(b)

No funds shall be used for periodic or routine maintenance, as defined in F.S. §§ 334.03(13) and 334.03(18).

(c)

Funds shall be used exclusively for capital improvements or expansion within the transportation impact fee district, as identified in section 62-817, from which the funds were collected. Funds shall be expended in the order in which they are collected.

(d)

Each fiscal period the county manager shall present to the board of county commissioners a proposed capital improvement schedule for roads, consistent with the capital improvement element of the county comprehensive plan, assigning funds, including any accrued interest, from the several transportation impact fee trust funds to specific road improvement projects and related expenses. Monies, including any accrued interest, not assigned in any fiscal period shall be retained in the same transportation impact fee trust funds until the next fiscal period, except as provided by the refund provisions of this division.

(Code 1979, § 14-211; Ord. No. 01-021, § 25, 4-4-01)