Virginia § 15.2-2241.1 Bonding requirements for the acceptance of dedication for public use of certain facilities

Virginia Statutes

§ 15.2-2241.1 — Bonding requirements for the acceptance of dedication for public use of certain facilities

Virginia § 15.2-2241.1

JurisdictionVirginia

Title 15.2COUNTIES, CITIES AND TOWNS

Subtitle IIPOWERS OF LOCAL GOVERNMENT

Ch. 22PLANNING, SUBDIVISION OF LAND AND ZONING

Art. 6LAND SUBDIVISION AND DEVELOPMENT

This text of Virginia § 15.2-2241.1 (Bonding requirements for the acceptance of dedication for public use of certain facilities) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 15.2-2241.1 (2026).

Text

Notwithstanding the provisions of § 15.2-2241, provided the developer and the governing body have agreed on the delineation of sections within a proposed development, the developer shall not be required to furnish to the governing body a certified check, cash escrow, bond or letter of credit in the amount of the estimated cost of construction of facilities to be dedicated for public use within each section of the development until such time as construction plans are submitted for the section in which such facilities are to be located.

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Notwithstanding the provisions of § 15.2-2241, provided the developer and the governing body have agreed on the delineation of sections within a proposed development, the developer shall not be required to furnish to the governing body a certified check, cash escrow, bond or letter of credit in the amount of the estimated cost of construction of facilities to be dedicated for public use within each section of the development until such time as construction plans are submitted for the section in which such facilities are to be located.