Sec. 8-25b. Fund. Payments in lieu of open spaces.
67 words·~1 min read·
/ct/title-8/chapter-126-municipal-planning-commissions/8-25b·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any municipality which provides in regulations, adopted pursuant to section 8-25 , for the payment of a fee or the fair market value of land transferred in lieu of any requirement to provide open space, shall deposit any such payments in a fund which shall be used for the purpose of preserving open space or acquiring additional land for open space or for recreational or agricultural purposes.