Which of the following is correct about impact fees?

Question

Quizplus · Accepted Answer

Impact fees are charges assessed by local governments on new or proposed development projects to pay for all or a portion of the costs of providing public services to the new development. They are typically used to fund specific projects that benefit the new development, such as road improvements, schools, and parks, rather than for general purposes or into the city's general fund. They can indeed be a condition for the approval of a development, ensuring that the development contributes to the infrastructure and services it will impact.

Which of the Following Is Correct About Impact Fees