Examples of System development charge in a sentence
System development charge revenues may only be used for capital costs.
A change in the amount of a reimbursement fee or an improvement fee is not a modification of the system development charge if the change in amount is based on the periodic application of an adopted specific cost index or on a modification to any of the factors related to rate that are incorporated in the established methodology System development charge revenues shall be deposited in accounts designated for such moneys.
To accomplish this, the division provides services in the following areas:• Information systems management including maps and geographic information systems (GIS), infrastructure asset inventory records and databases, related computer applications support• System development charge rate setting and administration• Land development and building permit review to determine infrastructure needs and compliance with design and construction standards.
System development charge" or "SDC" means a one (1) time fee assessed to new customers of water or sewer utilities to help finance development of utility systems, mainly those dealing with facilities for production, treatment, or storage necessary to serve those new customers.
System development charge revenue increased by over $1.8 million from the prior year, a strong sign that growth in residential development is increasing, which also reflects that the recession nears its end.