[§46-162]  Definitions.  As used in thispart, unless the context clearly requires otherwise:

"Council" means the county council.

"Development rights" means the rightspermitted for a lot, parcel, or area of land under a zoning ordinance or locallaw respecting permissible use, area, density, bulk, or height of improvementsthereon.  Development rights may be calculated and allocated in accordance withfactors such as area, floor area ratios, density, height limitations, or anyother criteria that will effectively quantify a value for the development rightin a reasonable and uniform manner that will carry out the objectives of thispart.

"Receiving district" means one ormore designated districts or areas of land to which development rightsgenerated from one or more sending districts may be transferred and in whichincreased development is permitted to occur by reason of this transfer.

"Sending district" means one or moredesignated districts or areas of land in which development rights may bedesignated for use in one or more receiving districts.

"Transfer of development rights"means the process by which development rights are transferred from one lot,parcel, or area of land in any sending district to another lot, parcel, or areaof land in one or more receiving districts. [L 1998, c 296, pt of §1]