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Legal Requirements <br />5 of 15 <br />•As of January 1, 2022, AB 602 requires: <br />•A Nexus Study to support impact fee programs <br />•A Capital Improvement Plan (updated annually) <br />•The City adopted updated Nexus Studies and Capital <br />Improvement Plans for: <br />•Parks –May 2022 <br />•Transportation –January 2024 <br />•SB 937 (Impact Fee Deferrals) will likely have an <br />impact project timing <br />•The annual Capital Improvement Plan updates are <br />being considered tonight