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.:...t..:Y:�:.....n.,...o rt'...and serera� .Za.t�.e::..;IIrange..::County may. <br />itoxzant. to, this mart .:: <br />Section 2. The purpose of the tax authorized by this Part is <br />to generate funds to partially offset the cost of constructing new <br />school capital facilities or replacing, expanding or improving <br />existing school capital facilities necessitated in part by new <br />growth within Orange County. Accordingly, the net proceeds <br />generated by the tax authorized by this Part shall be deposited by <br />Orange County in its capital reserve improvements fund or funds <br />established under Part 2 of Article 3 of Chapter 159 of the General <br />Statutes and may be expended, to the extent otherwise authorized <br />by law, only for capital improvements projects related 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 />dwelling and for each square foot of occupied enclosed floor space <br />in a commercial building. <br />(2) The tax shall be due on or before the date an occupancy <br />permit is initially issued for the dwelling unit or <br />commercial building enclosed floor space in question or, <br />if no such permit is issued, the date such dwelling unit <br />or commercial floor space is initially occupied. <br />However, no tax due shall be considered delinquent until <br />001 <br />