Common use of Expenditures Limited to Impact Fee Benefit District Clause in Contracts

Expenditures Limited to Impact Fee Benefit District. The School Board shall expend educational facilities impact fees collected in a benefit district exclusively for new or expanded public educational facilities and equipment that will substantially benefit the residents of the benefit district from which the funds were collected

Expenditures Limited to Impact Fee Benefit District. The School Board shall expend educational facilities impact fees collected in a benefit district exclusively for new or expanded public educational facilities and equipment that will substantially benefit the residents of the benefit district from which the funds were collected. The School Board may expend educational facilities impact fees collected in one benefit district on a School of Choice located in a different benefit district if the School of Choice allows attendance by students residing in the benefit district in which the funds were collected.

Expenditures Limited to Impact Fee Benefit District. The School Board shall expend educational facilities impact fees collected in a benefit district exclusively for new or expanded public educational facilities and equipment within educational impact fee benefit district from which the funds were collected or for similar improvements in another benefit district that will be reasonably available to and substantially benefit the residents of the benefit district from which the funds were collected.

Expenditures Limited to Impact Fee Benefit District. The School Board shall expend educational facilities impact fees collected in a benefit district exclusively for new or expanded public educational facilities and equipment within educational impact fee benefit district from which the funds were collected or for similar improvements in another benefit district that will be reasonably available to and substantially benefit the residents of the benefit district from which the funds were collected.

Expenditures Limited to Impact Fee Benefit District. The School Board shall expend educational facilities impact fees collected in a benefit district exclusively for new or expanded public educational facilities and equipment that will substantially benefit the residents of the benefit district from which the funds were collected.