2006 Code of Virginia § 15.2-2324 - Credits against impact fee

15.2-2324. Credits against impact fee.

The value of any dedication, contribution or construction from the developerfor off-site road improvements within the impact fee service area shall betreated as a credit against the impact fees imposed on the developer'sproject. The locality may by ordinance provide for credits for approvedon-site improvements in excess of those required by the development.

The locality also shall calculate and credit against impact fees the extentto which (i) developments have already contributed to the cost of existingroads which will serve the development, (ii) new development will contributeto the cost of existing roads, and (iii) new development will contribute tothe cost of road improvements in the future other than through impact fees.

(1989, c. 485, 15.1-498.7; 1992, c. 465; 1997, c. 587.)