Credits or offsets to be adjusted; incidental benefit by one development not construed as denying reasonable benefit to new development
Known as the Local Powers Act
The act spans §§ 7–7 (25 sections).
Credits or offsets for past or future payments toward capital improvement costs shall be adjusted for time-price differentials inherent in fair comparisons of monetary amounts paid or received at different times.
The receipt of an incidental benefit by any development shall not be construed as denying a reasonable benefit to any other new development.
Official source: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.