Land Use & Zoning
Iowa's school impact fees are assessed by some Iowa school districts or municipalities to:
AFund IREC educational programs
BPartially offset the cost of new school facilities made necessary by residential growth and development✓ Correct
CPay for existing school operational expenses
DFund Iowa State University real estate education programs
Explanation
Development impact fees (including school impact fees where authorized) are one-time charges imposed on new development to offset a portion of the capital costs for public facilities (schools, roads, parks) generated by the new development. They affect the economics of new construction.
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