15.2-2319 - Authority to assess and impose impact fees. - Virginia Statutes

§ 15.2-2319. Authority to assess and impose impact fees.

Any applicable locality may, by ordinance pursuant to the procedures andrequirements of this article, assess and impose impact fees on newdevelopment to pay all or a part of the cost of reasonable road improvementsthat benefit the new development.

Prior to the adoption of the ordinance, a locality shall establish an impactfee advisory committee. The committee shall be composed of not less than fivenor more than ten members appointed by the governing body of the locality andat least forty percent of the membership shall be representatives from thedevelopment, building or real estate industries. The planning commission orother existing committee that meets the membership requirements may serve asthe impact fee advisory committee. The committee shall serve in an advisorycapacity to assist and advise the governing body of the locality with regardto the ordinance. No action of the committee shall be considered a necessaryprerequisite for any action taken by the locality in regard to the adoptionof an ordinance.

(1989, c. 485, § 15.1-498.2; 1992, c. 465; 1997, c. 587; 2007, c. 896.)