The bill S. 288 aims to amend the South Carolina Code of Laws by adding Section 6-29-725, which facilitates the transfer of development rights between different landowners. It defines "sending property" as the land from which development rights are transferred and "receiving property" as the land to which these rights are transferred. Local governing authorities are empowered to create ordinances that allow for the voluntary transfer of development rights, which would restrict further development on the sending property while increasing development potential on the receiving property. The ordinance must include specific provisions such as designating sending and receiving areas, binding restrictions on the sending property, and allowing for the purchase and sale of development rights.

Additionally, the bill permits two or more local governing bodies to collaborate through intergovernmental agreements to establish a transfer of development rights program across jurisdictions. It ensures that any completed transfers of development rights under previous laws remain valid and includes a severability clause to maintain the act's integrity if any part is deemed unconstitutional. The act will take effect upon the Governor's approval.

Statutes affected:
01/29/2025: 6-29-725
04/16/2025: 6-29-725
Latest Version: 6-29-725