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. The bill allows local governing authorities to create ordinances that regulate this transfer, ensuring that the sending property is restricted from further development while the receiving property can increase its density or intensity of development.

The proposed ordinance must include specific provisions such as designating sending and receiving areas on zoning maps, binding restrictions on the sending property for future landowners, and allowing for the purchase and sale of development rights. Additionally, it permits multiple local governing bodies to collaborate through intergovernmental agreements to establish a transfer of rights program. The bill also clarifies that it does not invalidate any previously completed transfers of development rights and includes a severability clause to maintain the act's validity even if parts are deemed unconstitutional. The act will take effect upon the Governor's approval.

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