                                 CODE OF VIRGINIA

DEFINITIONS (§ 15.2-2318)

As used in this article, unless the context requires a different meaning:
		&#8220;Cost&#8221; includes, in addition to all labor, materials, machinery
and equipment for construction, (i) acquisition of land, rights-of-way, property
rights, easements and interests, including the costs of moving or relocating
utilities, (ii) demolition or removal of any structure on land so acquired,
including acquisition of land to which such structure may be moved, (iii)
survey, engineering, and architectural expenses, (iv) legal, administrative, and
other related expenses, and (v) interest charges and other financing costs if
impact fees are used for the payment of principal and interest on bonds, notes
or other obligations issued by the locality to finance the road improvement.
		&#8220;Impact fee&#8221; means a charge or assessment imposed against new
development in order to generate revenue to fund or recover the costs of
reasonable road improvements benefiting the new development. Impact fees may not
be assessed and imposed for road repair, operation and maintenance, nor to meet
demand which existed prior to the new development.
		&#8220;Impact fee service area&#8221; means an area designated within the
comprehensive plan of a locality having clearly defined boundaries and clearly
related traffic needs and within which development is to be subject to the
assessment of impact fees.
		&#8220;Road improvement&#8221; includes construction of new roads or
improvement or expansion of existing roads and related appurtenances as required
by applicable standards of the Virginia Department of Transportation, or the
applicable standards of a locality with road maintenance responsibilities, to
meet increased demand attributable to new development. Road improvements do not
include on-site construction of roads which a developer may be required to
provide pursuant to §§ 15.2-2241 through 15.2-2245.

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