Bill > SB1435

This bill provides the City of Gallatin's city council with the authority to impose impact fees on new land developments within the city's corporate limits. Impact fees are one-time charges levied on new construction to help fund necessary infrastructure and services created by that development. Specifically, the bill allows the city council to charge fees to cover capital improvement costs and related expenses, including street repair and construction, traffic signals, water services, stormwater and drainage facilities, emergency services, and administrative services associated with these improvements. The bill requires approval by a two-thirds vote of the Gallatin legislative body before it can take effect, ensuring local consent for the new fee-imposing power. The legislation is designed to help the city offset the costs of infrastructure and service expansion that naturally occur with new development, providing a mechanism for developers to contribute to the public infrastructure necessitated by their projects.

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1435&ga=114