Virginia HB1430 authorizes localities to impose impact fees on residential development.
Virginia HB1430 allows any locality to impose impact fees on residential development to cover the capital costs of public facilities. The fees can be applied to roads, streets, and bridges, including rights-of-way, traffic signals, landscaping, and any local components of federal or state highways. The authority to impose these fees expires on December 31, 2008.
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- Legal Framework
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