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Bill > HB2184


VA HB2184

Cash proffers; land transfer, extinguishing development rights.


summary

Introduced
01/07/2025
In Committee
01/07/2025
Crossed Over
Passed
Dead
02/22/2025

Introduced Session

2025 Regular Session

Bill Summary

Cash proffers; land transfer; extinguishing development rights. Provides that (i) cash payments proffered pursuant to relevant zoning law and (ii) the transfer of land may be used by an applicant for the purpose of extinguishing development rights elsewhere in the locality if the development rights to be extinguished are greater than the development rights being granted and the extinguishing of those development rights results in a perpetual conservation easement. The bill also provides that cash payments proffered may be used to seek matching funds from the Virginia Land Conservation Foundation and the Virginia Farmland and Forestland Preservation Fund.

AI Summary

This bill modifies Virginia law regarding cash proffers, which are monetary contributions made by developers during the rezoning process. The bill introduces a new provision that allows localities and developers to use cash payments or land transfers to extinguish development rights in other parts of the locality, but only if certain conditions are met. Specifically, the development rights being eliminated must be greater than those being granted, and the elimination must result in creating a perpetual conservation easement. This option is entirely voluntary and cannot be forced upon the developer by the locality. Additionally, the bill allows cash proffers to be used to seek matching funds from the Virginia Land Conservation Foundation and the Virginia Farmland and Forestland Preservation Fund. The bill maintains existing restrictions on how cash proffers can be used, such as prohibiting their use for facility renovations or operating expenses that do not expand capacity. It also continues to require localities with over 3,500 residents to report annually on the collection and expenditure of cash proffers, detailing how the funds were used across various categories like schools, transportation, public safety, and other infrastructure improvements.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Left in Counties, Cities and Towns (on 02/04/2025)

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