(a) On or before January 1, 2024, the department shall create an impact fee nexus study template that may be used by local jurisdictions. The template shall include a method of calculating the feasibility of housing being built with a given fee level.

(b) The department may contract with nonprofit or academic institutions to complete the template.

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(Added by Stats. 2021, Ch. 347, Sec. 4. (AB 602) Effective January 1, 2022.)