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 legislation enables the voluntary transfer of development rights from one parcel of land to another, while also allowing for restrictions on further development of the sending property and increased density on the receiving property. Local authorities are required to designate sending and receiving zones on zoning maps, assess the impacts on existing residents, and ensure that development rights are intact and not previously relinquished.

Additionally, the bill outlines various provisions that local ordinances must include, such as the ability to purchase, sell, or exchange development rights, and the prohibition of fractional interests in these rights. It also allows for intergovernmental agreements between local governing authorities to facilitate the transfer of development rights across jurisdictions. Importantly, the act does not invalidate any previously completed transfers of development rights that were valid under earlier laws. The bill will take effect upon the Governor's approval.

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