Statute for Collection of Community Development Fees by Construction Project Article 6

For projects collecting community development fees from lands and the improvements thereon, the in-charge agency of the project shall provide a public notice for a period of thirty (30) days of the project name, construction scope, funding and budget, community development fee charging standards and amounts, along with a map of the land parcels and their respective land numbers within the area subject to the payment of community development fees thirty (30) days prior to the commencement of project construction, and shall notify within three (3) months of said public notification all beneficiaries in writing the area of the land subject to community development charge, the fee total and unit charge of the relevant piece of land, along with a brief acprovide a public notice of project name, construction scope, funding and budget, and community development fee charging standards and amounts thirty (30) days in advance. Community development fees on lands and the improvements thereon shall be imposed during the period from the commencement of project construction to within one (1) year after project completion. For transfer of a land and the improvements thereon within the scope subject to community development charge after public notification, with the exception of transfer due to inheritance, the buyer shall issue a letter of undertaking to agree to pay all not yet due payments of community development fees according to relevant rules, or make all not yet due payments in full before proceeding with transfer registration. For transfer due to compulsory auction, the same shall apply.