Bill > H4146

This bill adds a new section to South Carolina law that allows local governing authorities to create ordinances for transferring development rights between properties. Specifically, the bill enables municipalities to establish "sending zones" (properties with restricted development) and "receiving zones" (properties where development can be intensified) through a voluntary transfer process. The ordinances must designate these zones, ensure that development restrictions are binding on current and future landowners, and provide mechanisms for purchasing, selling, and transferring development rights. The bill requires local governments to assess and publicly disclose potential impacts on existing residents, such as property value changes. It also allows multiple local governments to create intergovernmental agreements for coordinating development rights transfers across jurisdictions. Importantly, the bill prohibits selling fractional development rights and requires verification that proposed development rights have not been previously relinquished. The legislation aims to provide local governments with more flexible tools for managing land use and development, potentially supporting conservation efforts and strategic urban planning. The bill will take effect upon the Governor's approval.

Justice

https://www.scstatehouse.gov/billsearch.php?billnumbers=4146&session=126&summary=B