2006 Code of Virginia § 15.2-2327 - Refund of impact fees
15.2-2327. Refund of impact fees.
The locality shall refund any impact fee or portion thereof for whichconstruction of a project is not completed within a reasonable period oftime, not to exceed fifteen years.
Upon completion of a project, the locality shall recalculate the impact feebased on the actual cost of the improvement. It shall refund the differenceif the impact fee paid exceeds actual cost by more than fifteen percent.Refunds shall be made to the record owner of the property at the time therefund is made.
(1989, c. 485, 15.1-498.10; 1992, c. 465; 1997, c. 587.)
Disclaimer: These codes may not be the most recent version. Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
