Bill > HB2184

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.

Government Affairs

https://lis.virginia.gov/bill-details/20251/HB2184