What changes
The bill exempts properties in Georgetown County from specific state-level building requirements related to the Limit of Moderate Wave Action (LiMWA) and permits the enforcement of local AE standards instead.
Who is affected
Property owners, developers, and residents within designated wave-action zones in Georgetown County.
Requirements and enforcement
Compliance with county-specific Flood Damage Prevention ordinances instead of state-wide LiMWA-based requirements.
Costs and funding
Potentially lowers immediate construction or renovation costs; however, it risks higher potential long-term property damage costs.
When it takes effect
Takes effect upon approval by the Governor (enacted as Act 274).
Potential benefits
Simplified regulatory environment, lower construction costs, and localized control over flood management policies.
Risks and tradeoffs
Increased vulnerability to wave action and storm surge events due to lower construction standards.
What is still unknown
The exact magnitude of difference between current LiMWA standards and the county's AE standards is not detailed.