The bill H. 4146 aims to amend the South Carolina Code of Laws by adding Section 6-29-275, which allows local governing authorities to modify development rights through ordinances under specific conditions. The proposed changes enable the voluntary transfer of development rights from one parcel of land (the sending property) to another (the receiving property), while also allowing for restrictions on further development of the sending property and increased density on the receiving property. The ordinance must include provisions for designating sending and receiving zones, ensuring that development rights are intact, and allowing for the purchase and sale of these rights.

Additionally, the bill stipulates that local governing authorities must assess the impacts of these transfers on existing residents and make that information publicly available. It also allows for intergovernmental agreements between local authorities to facilitate the transfer of development rights across jurisdictions. Importantly, the bill ensures that any completed transfers of development rights under previous laws remain valid. The act will take effect upon approval by the Governor.

Statutes affected:
03/05/2025: 6-29-275
Latest Version: 6-29-275