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 | | Second, as to her right to transfer her TDRs, the only contingency apart from private market demand turns on the right of the agency or a local regulatory body to deny approval for a specific transfer based on the buyer's intended improper use of the TDRs. |
 | | All three kinds of TDRs may be transferred for the benefit of any eligible property in the Lake Tahoe Region, subject to approval by the agency based on the eligibility of the receiving parcel for development. |
 | | TDRs, of course, have nothing to do with the use or development of the land to which they are (by regulatory decree) "attached." The right to use and develop one's own land is quite distinct from the right to confer upon someone else an increased power to use and develop his land. |
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