24 Va. Admin. Code § 30-41-280

Current through Register Vol. 40, No. 22, June 17, 2024

Section 24VAC30-41-280 - Low value, high bulk personal property

When personal property which is used in connection with the business to be moved is of low value and high bulk, such as firewood, sand, gravel, etc., and the estimated cost of moving would be disproportionate in relation to its value, the district office may negotiate with the owner for an amount not to exceed the lesser of:

1. The amount that would be received if the property were sold at the site; or

2. The replacement cost of a comparable quantity delivered to the new business location.

However, the owner retains the right to have the property moved if desired.

24 Va. Admin. Code § 30-41-280

Derived from Virginia Register Volume 18, Issue 3, eff. November 21, 2001; amended, Virginia Register Volume 21, Issue 13, eff. April 6, 2005.

Statutory Authority

§§ 25.1-402 and 33.1-12 of the Code of Virginia; 42 USC § 4601 et seq.; 49 CFR Part 24.