                                 CODE OF VIRGINIA

USE OF PROCEEDS (§ 15.2-2326)

A separate road improvement account shall be established for the impact fee
service area and all funds collected through impact fees shall be deposited in
the interest-bearing account. Interest earned on deposits shall become funds of
the account. The expenditure of funds from the account shall be only for road
improvements benefiting the impact fee service area as set out in the road
improvement plan for the impact fee service area.

HISTORY: 1989, c. 485, § 15.1-498.9; 1992, c. 465; 1997, c. 587; 2007, c. 896.