Relating to transferable development credits; and declaring an emergency.
Catchline/Summary:
Authorizes cities, counties, metropolitan service districts and certain state agencies to establish transferable development credit system for purpose of allowing specified persons to transfer developmental interests from one government unit to another.Authorizes Department of Land Conservation and Development to implement system for buying and selling transferable development credits to encourage landowners to voluntarily protect resource lands.]
Authorizes cities, counties, metropolitan service districts and certain state agencies to establish transferable development credit system for purpose of allowing specified persons to transfer developmental interests from one government unit to another.
Requires participating governmental units to enter into intergovernmental agreement with each other and, for purpose of administering process, with Department of Land Conservation and Development.
Requires department to report on transferable development credit systems to Seventy-seventh Legislative Assembly.
Declares emergency, effective on passage.
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