(1) A municipality may adopt an ordinance: (a) designating sending zones and receiving zones within the municipality; and (b) allowing the transfer of a transferable development right from a sending zone to a receiving zone.
(a) designating sending zones and receiving zones within the municipality; and
(b) allowing the transfer of a transferable development right from a sending zone to a receiving zone.
(2) A municipality may not allow the use of a transferable development right unless the municipality adopts an ordinance described in Subsection (1).
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