24 Va. Admin. Code § 30-401-30 - 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.
Notes
Statutory Authority
§ 33.1-58 of the Code of Virginia.
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