Amends SL 1947-776, as amended by SL 1949-640 and SL 1975-802, by enacting new Section 11A of the Charter of the Town of Morrisville. Establishes that the Town of Morrisville has the right, power, and authority to impose and collect a regulatory or development fee defined as a road project fee on all new construction within the Town limits and extraterritorial jurisdiction.

Provides that it is the purpose and intent of the new Section 11A to provide the Town with the legal mechanism granting it the right, power, and authority to impose and collect fees to finance additional improvements within the Town limits and extraterritorial jurisdiction. Further provides statement that these additional road improvements are being caused by rapid and continued growth within the Morrisville area.

Establishes that Section 11A grants approval to the Town to actually develop and implement such a fee system but does not in any way describe or detail the actual fee structure and rate classification, and that an extensive study will subsequently be performed to establish the basis and framework for the fee system should the system be deemed necessary in order to maintain the high level of service delivery presently available to Morrisville residents.