24 Va. Admin. Code § 30-401-30

Current through Register Vol. 41, No. 8, December 2, 2024

Section 24VAC30-401-30 - Monetary compensation

A. Monetary compensation or other valuable consideration shall be required for any change in limited access control. Compensation due the department for such change of limited access control shall be determined by an appraisal process approved by the commissioner or his designee. The compensation shall be determined by using the before and after evaluation to determine the enhancement, if any, to adjoining property or properties as a result of CTB change of access control. This compensation determination shall be in an amount determined by the commissioner or his designee.

B. The costs of providing any safety or operational improvements necessary for the safety of the traveling public will be borne by the party or parties granted a change in limited access control in addition to the compensation determined by the appraisal process. The commissioner or his designee shall approve any such compensation or other consideration, when all reviews and preliminary approvals are completed, and prior to CTB consideration. The chief engineer shall approve the necessary safety or operational improvements.

Derived from Virginia Register Volume 22, Issue 13, eff. February 14, 2006.

Statutory Authority

§ 33.1-58 of the Code of Virginia.