OAR 660-029-0020: County Authority to Establish a M49 TDC System

Counties may establish a system, consistent with this division, to allow for the creation and transfer of TDCs from M49 properties. Counties that choose to adopt a M49 TDC system shall: (1) Adopt a local ordinance that meets the requirements of this division; and (2) Amend the comprehensive plan and implementing ordinances to: (a) Designate M49 properties that are eligible sending properties as provided in OAR 660-029-0030; (b) Establish bonus credits, if any, that will apply to certain sending properties as provided in OAR 660-029-0040; (c) Designate receiving areas or create a process for property owners to apply for designation of lands as receiving areas, as provided in OAR 660-029-0080; (d) Adopt any applicable overlay zones or other measures necessary to implement the TDC system; and (e) Determine whether the TDC system will provide for transfer to other counties in the region, as provided in OAR 660-029-0100.