(605 ILCS 5/5-902) (from Ch. 121, par. 5-902)
Sec. 5-902.
General purposes.
The General Assembly finds that the
purpose of this legislation is to create the authority for units of
local government to adopt and implement road improvement impact fee
ordinances and resolutions.
The General Assembly further recognizes that the imposition of such road
improvement impact fees is designed to supplement other funding sources so
that the burden of paying for road improvements can be allocated
in a fair and equitable manner. It is the intent of the General Assembly
to promote orderly economic growth throughout the State by assuring that
new development bears its fair share of the cost of meeting the demand for
road improvements through the imposition of road improvement impact fees.
It is also the intent of the General Assembly to preserve the authority of
elected local government officials to adopt and implement road improvement
impact fee ordinances or resolutions which adhere to the minimum standards
and procedures adopted in this Division by the State.
(Source: P.A. 86-97.)
|