278B.250 - Conditions upon collection of impact fee. - Nevada Statutes

278B.250  Conditions upon collection of impact fee.  An impact fee must not be collected unless:

      1.  Collection is made to pay for a capital improvement or facility expansion which has been identified in the capital improvements plan;

      2.  The local government agrees to reserve capacity to serve future development and the owner and the local government enter into a written agreement to do so; or

      3.  The local government agrees that the owner of a new development may construct or finance the capital improvements or facility expansions and:

      (a) The costs incurred or money advanced will be credited against the impact fees otherwise due from the new development; or

      (b) It will reimburse the owner for those costs from the impact fees paid from other developments which will use those capital improvements or facility expansions.

      (Added to NRS by 1989, 842)