(a) A municipality may require a landowner to dedicate a portion of the landowner’s property for parkland use, impose a parkland dedication fee, or both require the dedication and impose the fee under a plan application filed under this subchapter by:
(1) paying a fee set in accordance with § 212.210(b) or 212.211(b), as applicable; or
(2) dedicating a portion up to the maximum size authorized under § 212.208 and paying a reduced fee set in accordance with § 212.210(d) or 212.211(c), as applicable.
(b) A municipality may allow a landowner to elect a parkland dedication, a parkland dedication fee, or a dedication and fee under Subsection (a).