(a) For the purpose of this section, the following definitions apply:

1. (1) “Inclusionary housing in-lieu fees” means fees imposed as an alternative means of compliance with an inclusionary housing requirement.
2. (2) “Local agency” means a county, city, whether general law or chartered, city and county, school district, special district, authority, agency, any other municipal public corporation or district, or other political subdivision of the state.

(b) Commencing on January 1, 2026, a local agency that collects inclusionary housing in-lieu fees and has an internet website shall annually post on its internet website both of the following:

1. (1) The amount of inclusionary housing in-lieu fees collected in the previous year.
2. (2) Whether the inclusionary housing in-lieu fees are intended to be used for a project, if any.

(c) Commencing on January 1, 2026, and every five years thereafter, a local agency that collects inclusionary housing in-lieu fees shall post on its internet website both of the following:

1. (1) The amount of inclusionary housing in-lieu fees collected in the past five years.
2. (2) The projects that the inclusionary housing in-lieu fees were spent on.