Amends existing law to provide for the use of development impact fees for school facilities.

The purpose of this legislation is to provide public school districts with the authority to collect development impact fees. Development impact fees collected by public school districts would be limited in their use to capital improvements. By giving public school districts this ability, the ability for new growth to pay for itself is increased and the need for public school districts to use bonding authority to raise funds for capital improvements may be reduced. Consequentially, the property tax burden on property taxpayers within the affected school district may decrease as a result of decreased need for public school districts to utilize their bonding authority