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5 <br /> SECTION 5-COLLECTION OF FEES <br /> A. CREATION OF PUBLIC SCHOOL BENEFIT AREA TRUST FUNDS <br /> Public school impact fees collected by Orange County pursuant to this ordinance shall be <br /> kept separate from other revenue of the County. There shall be one trust fund established for each <br /> of the benefit areas. The benefit areas correspond to the school district boundaries as determined by <br /> the School Districts and as illustrated on the attached map labeled Public School Benefit Areas. <br /> B. RESPONSIBILITY FOR FEE COLLECTION <br /> All public school impact fees are due to Orange County and shall be paid to Orange County <br /> prior to a certificate of occupancy being issued for a dwelling unit. The fees will be collected by <br /> Orange County and/or by interlocal agreement between Orange County and a municipality located <br /> therein. All public school impact fees shall be properly identified by the appropriate benefit area <br /> and transferred for deposit in the appropriate trust account. <br /> Where there is an interlocal agreement in effect for collection of the public school impact <br /> fees by a municipality, the municipality shall remit the fees to Orange County as provided in the <br /> agreement, including a report of the amount of funds collected and the benefit area from which the <br /> fees were collected. Upon receipt,the County shall deposit the fees in the appropriate trust fund. <br /> C. LIMITATION ON EXPENDITURE OF FUNDS <br /> Funds withdrawn from public school impact fee trust accounts shall be used solely in <br /> accordance with the following provisions: <br /> 1.4 Funds shall be used for capital costs associated with the construction of new public <br /> school space, including new buildings or additions to existing buildings or <br /> otherwise converting existing buildings into new public school space where the <br /> expansion is related to new residential growth. Such capital costs include actual <br /> building construction; design, engineering, and/or legal fees; land acquisition and <br /> site development; equipment and furnishings; infrastructure improvements; and/or <br /> debt service payments and payments under leases through which to finance such <br /> costs. <br /> 4 Amended April 3,1995;February 26,1996. <br /> Impact Fee Ordinance 4 <br />