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Senate panel gives favorable report to bill allowing transferable development rights
Summary
A Senate Judiciary Subcommittee gave Senate Bill 288 a favorable report after testimony that the bill would authorize local governments to adopt voluntary transferable-development-rights (TDR) programs to steer development and protect land.
Senate Bill 288, which would authorize local governments to adopt ordinances allowing voluntary transfers of development rights between parcels, received a favorable report from a Senate Judiciary Subcommittee following testimony and brief questions.
The bill would permit a local government, by ordinance, to allow transferable development rights (TDRs) so that development rights from a "sending" parcel can be sold and recorded to a "receiving" parcel; the sending parcel would be restricted to prevent future development. Paula (staff member) described the measure to the subcommittee as a local-authority, enabling statute:…
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