                                 CODE OF VIRGINIA

AUTHORITY TO ASSESS AND IMPOSE IMPACT FEES (§ 15.2-2319)

Any applicable locality may, by ordinance pursuant to the procedures and
requirements of this article, assess and impose impact fees on new development
to pay all or a part of the cost of reasonable road improvements that benefit
the new development.
		Prior to the adoption of the ordinance, a locality shall establish an impact
fee advisory committee. The committee shall be composed of not less than five
nor more than ten members appointed by the governing body of the locality and at
least forty percent of the membership shall be representatives from the
development, building or real estate industries. The planning commission or
other existing committee that meets the membership requirements may serve as the
impact fee advisory committee. The committee shall serve in an advisory capacity
to assist and advise the governing body of the locality with regard to the
ordinance. No action of the committee shall be considered a necessary
prerequisite for any action taken by the locality in regard to the adoption of
an ordinance.

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