Bill > HB1430

This bill expands the authority of local governments in Virginia to charge impact fees, which are fees imposed on new residential developments to help pay for public facilities like roads, schools, and parks that are needed because of that development. Previously, only certain counties with established urban transportation service districts could impose these fees, and even then, only in specific areas or for certain types of development. This bill removes those limitations, allowing any locality to impose impact fees on residential developments to cover the costs of public facilities necessitated by that growth. It also removes a provision that narrowed the definition of "public facilities" for localities in the Richmond Metropolitan Statistical Area, meaning those areas will now have a broader range of facilities that can be funded by impact fees.

Government Affairs

https://lis.virginia.gov/bill-details/20261/HB1430