HB 756 Summary

• Requires the Department of Land and Natural Resources to prepare plans and programs facilitating voluntary relocation of residential development from coastal areas threatened by sea level rise, coastal erosion, and flooding.

• Establishes the Sea Level Rise Relocation Special Fund to receive appropriations, donations, grants, proceeds from development rights transfers, and climate-related lawsuit proceeds for relocation projects and coastal land restoration.

• Authorizes exchange of public land for private land to facilitate transfer of development rights and land exchanges that relocate private development away from high-risk sea level rise and flooding areas.

• Appropriates unspecified funds from general revenues to the Sea Level Rise Relocation Special Fund for fiscal year 2023-2024 and from that fund to implement the relocation plan and program.

• Takes effect June 30, 3000 (effective date appears to contain a typographical error).