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- CODE OF ORDINANCES <br />Title X. - IMPACT FEES <br />CHAPTER 1009. PUBLIC EDUCATION FACILITIES <br />(3) Generally, a€xisting revenue sources are not sufficient to fund capital improvements necessary <br />to accommodate new development. <br />(Ord_ Na. 2005-015. 5-17-05) <br />Section 1009.03. Computation. <br />The amount of the fees imposed by this chapter shall be determined by the fee schedule attached as <br />Appendix A to this title and incorporated by reference herein, or by the manner set forth in subsection <br />1000.08(3). <br />(Ord. No 2005-015, 5-17-05; <br />Section 1009.04. Use of funds. <br />(1) All funds collected from public education facilities impact fees shall be used for the purpose of capital <br />improvements to public education facilities under the jurisdiction of the School Board of Indian River <br />County, Florida, and not for maintenance or operations. Such acquisitions and improvements shall be <br />those which are necessary to accommodate new growth and development in the county. <br />(2) Funds shall be used exclusively for capital improvements in the areas of Indian River County from <br />which the funds are collected. Funds shall be expended in the order in which they are collected. <br />Ord. No. 2005-0;15, 5-17-05j <br />Updates are shown with S*F*I(^ thF9 and underlines. Strike -through wording will be deleted from <br />the ordinance underlined wording will be added. <br />Indian River County, Florida, Code of Ordinances Page 28 <br />