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DRAFT 5 -1492 /REVISED 5 -21 -92 <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 <br />this ordinance shall be kept separate from other revenue <br />There shall be one trust fund established for each of the <br />shown on the map labeled Public School Benefit Areas and <br />part of this ordinance. <br />B. RESPONSIBILITY FOR FEE COLLECTION <br />pursuant to <br />of the County. <br />benefit areas, <br />included as a <br />All public school impact fees are due to Orange County and shall be <br />paid to Orange County prior to a certificate of occupancy being issued <br />for a dwelling unit. The fees will be collected by Orange County and /or <br />by interlocal agreement between Orange County and a municipality located <br />therein. <br />All public school impact fees shall be properly identified by the <br />appropriate benefit area and transferred for deposit in the appropriate <br />trust account. If the type of new construction activity is not specified <br />on the Schedule of Public School Impact Fees as contained in Section 3, <br />the most nearly comparable type of housing on the Schedule shall <br />determine the fee. <br />Where there is an interlocal agreement in effect for collection of <br />the public school impact fees by a municipality, the municipality must <br />remit the fees to Orange County as provided in the agreement, including <br />a report of the amount of funds collected and the benefit area from <br />which the fees were collected. Upon receipt, the County shall deposit <br />the fees in the appropriate trust fund. <br />C. LIMITATION ON EXPENDITURE OF FUNDS <br />Funds withdrawn from public school impact fee trust accounts must <br />be used solely in accordance with the following provisions: <br />1. Funds may be used for capital costs associated with the <br />construction of new public schools, including actual building <br />construction; design, engineering, and /or legal fees; land <br />acquisition and site development; equipment and furnishings; <br />and /or infrastructure improvements. <br />2. Funds shall be used exclusively for capital improvements <br />within the benefit area from which the funds were collected. <br />3. Funds may be used for providing reimbursements as permitted in <br />Section 5.E. <br />