Bill > S0288

This bill establishes a legal framework for Transfer of Development Rights (TDR) in South Carolina, allowing local governments to create ordinances that permit landowners to voluntarily transfer development rights from a "sending property" (a parcel with restricted development) to a "receiving property" (a parcel where development can be intensified). The bill requires that TDR ordinances designate specific sending and receiving areas on zoning maps, ensure that development restrictions on sending properties are binding on current and future landowners, and enable the purchase, sale, and transfer of development rights. The ordinances must also guarantee the right of municipalities, counties, and individuals to purchase development rights for conservation purposes. Additionally, the bill allows two or more local governing authorities to collaborate and create interdependent TDR ordinances across jurisdictions, with provisions for additional notice and hearing requirements. The legislation preserves the validity of any previously completed development rights transfers and will take effect upon the Governor's approval.

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https://www.scstatehouse.gov/billsearch.php?billnumbers=0288&session=126&summary=B