                                 CODE OF VIRGINIA

DEFINITIONS (§ 15.2-2316.1)

As used in this article, the term:
		&#8220;Development rights&#8221; means the permitted uses and density of
development that are allowed on the sending property under any zoning ordinance
of a locality on a date prescribed by the ordinance. &#8220;Development
rights&#8221; includes &#8220;transferable development rights.&#8221;
		&#8220;Receiving area&#8221; means one or more areas identified by an
ordinance and designated by the comprehensive plan as an area authorized to
receive development rights transferred from a sending area.
		&#8220;Receiving property&#8221; means a lot or parcel within a receiving area
and within which development rights are increased pursuant to a transfer of
development rights affixed to the property. Receiving property shall be
appropriate and suitable for development and shall be sufficient to accommodate
the transferable development rights of the sending property. Development rights
may be transferred between receiving properties, as otherwise permitted in the
ordinance.
		&#8220;Sending area&#8221; means one or more areas identified by an ordinance
and designated by the comprehensive plan as an area from which development
rights are authorized to be severed and transferred to a receiving area.
		&#8220;Sending property&#8221; means a lot or parcel within a sending area
from which development rights are authorized to be severed.
		&#8220;Severance of development rights&#8221; means the process by which
development rights from a sending property are severed pursuant to this act.
		&#8220;Transfer of development rights&#8221; means the process by which
development rights from a sending property are affixed to one or more receiving
properties.
		&#8220;Transferable development rights&#8221; means all or that portion of
development rights that are transferred or are transferable.

HISTORY: 2006, c. 573; 2007, cc. 363, 410; 2009, cc. 413, 731.