(a) A political subdivision shall provide a credit against water and wastewater impact fees otherwise assessed to a development to a builder or developer for the construction, contribution, or dedication of an eligible facility, system, or product that results in water reuse, conservation, or savings.
(b) A facility, system, or product eligible for a credit under this section includes a facility, system, or product that:
(1) reduces per service unit water consumption, supply requirements, or necessary treatment and distribution infrastructure per service unit;
(2) decreases the need of wastewater collection and treatment facilities per service unit;
(3) diminishes the demand for stormwater and drainage facilities per service unit; or
(4) integrates practices or technologies that achieve water efficiency, reuse, or conservation performance that exceeds standard compliance requirements.
(c) A political subdivision that provides a credit under this section shall establish procedures for:
(1) calculating and applying the credits in a fair and consistent manner; and
(2) reviewing and approving credits under this section.