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Real Estate & Property Law

: Law of the Land

New California Law Allows Local Option to Collect Impact Fees Later in Development Process to Aid Developers

By Patty Salkin

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AB 2604, signed by the Governor on August 1, 2008, allows local agencies to defer the collection of development impact fees to the close of escrow. Given that most developer fees are currently collected at the building-permit stage, this bill will give some builders at least temporary relief from what can be a significant burden [...]

Full post as published by Law of the Land on August 23, 2008 (boomark / email).

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