Introduced
by
To authorize wetlands "mitigation banking,” which is restoring or creating self-sustaining functioning wetlands as prior replacements of wetlands that are expected to be unavoidably impacted by development within a watershed or “ecoregion.” These would be eligible for saleable “mitigation credits” created under regulations to be promulgated by the Department of Environmental Quality. The bill would have the effect of creating a market for tradable “mitigation credits” which could be used to meet state wetlands laws.
Referred to the Committee on Conservation and Outdoor Recreation
Referred to the Committee on Land Use and Environment
