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Part 3. The Orange County School Capital Impact Tax. <br /> Section 1 . (a) Except as provided in subsection (b) , <br /> Orange County may adopt an ordinance levying a tax on the impact <br /> of land development within the County and provide for the <br /> administration, enforcement and collection of the tax. <br /> (b) Orange County may not adopt an ordinance pursuant to <br /> this Part if any ordinance adopted pursuant to Section 2 of Chap- <br /> ter 357 of the 1985 Session Laws (Carrboro) , Section 1 of the <br /> Chapter 936 of the 1985 Session Laws (Chapel Hill) , or Sections <br /> 17-18. 1 of Chapter 460 of the 1987 Session Laws (Orange County) <br /> is in effect. <br /> Section 2. The purpose of the tax authorized by this Part <br /> is to generate funds to partially offset the cost of constructing <br /> new school capital facilities or replacing, expanding or improv- <br /> ing existing school capital facilities necessitated in part by <br /> new growth within Orange County. Accordingly, the net proceeds <br /> generated by the tax authorized by this Part shall be deposited <br /> by Orange County in its capital reserve improvements fund or <br /> funds established under Part 2 of Article 3 of Chapter 159 of the <br /> General Statutes and may be expended, to the extent otherwise <br /> authorized by law, only for capital improvements projects related <br /> to schools. <br /> Section 3. A person responsible for the impact of land <br /> development shall pay an impact tax for each square foot of <br /> dwelling space and commercial building enclosed floor space for <br /> which an occupancy permit is issued or, if no such permit is such <br /> issued, for each square foot of dwelling space in an occupied <br /> 10 <br /> ■••=1/ <br />