Impact fees; locality authorized to impose on residential development.

Plain English Breakdown

The official source material does not provide specific details on the types of public facilities or the amount of impact fees that can be charged, leaving these aspects unclear.

Impact Fees for Residential Development

This bill allows localities in Virginia to charge fees on certain types of new residential developments to help pay for public facilities needed because of the development.

What This Bill Does

• Allows any locality to impose impact fees on certain residential developments to cover costs related to constructing public facilities necessitated by those developments.

Who It Names or Affects

• Local governments in Virginia
• Developers of residential properties

Terms To Know

Impact Fees

Money charged by localities to developers for new housing projects, used to pay for public facilities needed because of the development.

Limits and Unknowns

• The bill does not specify how much these fees can be or what public facilities they cover.
• It is unclear if the new rule will replace existing limitations on impact fees for localities that have urban transportation service districts.

Official Summary Text

Impact fees; residential development.
Authorizes any locality to impose impact fees on certain residential developments in order to defray the costs of constructing public facilities necessitated by those developments. Under current law, such impact fees have limited applicability and may be imposed only by those counties that have established urban transportation service districts.

Current Bill Text

A BILL to amend and reenact §
15.2-2328
of the Code of Virginia, relating to authority of a locality to impose impact fees.

Be it enacted by the General Assembly of Virginia:

1. That §
15.2-2328
of the Code of Virginia is amended and reenacted as follows:

§
15.2-2328
. Applicability of article.

The provisions of this article shall apply in their entirety to any locality
that has established an urban transportation service district in accordance with §
15.2-2403.1
. However, the authority granted by this article may be exercised only in areas outside of urban transportation service districts and on parcels that are currently zoned agricultural and are being subdivided for by-right residential development.
The authority granted by this article shall expire on December 31, 2008, for any locality that has not established an urban transportation service district and adopted an impact fee ordinance pursuant to this article by such date.