HB 1983

Abstract

Wetland and stream mitigation banks; proximity of impacted site. Provides that when a water protection permit applicant is required to purchase wetland or stream mitigation bank credits but no credits are available (i) in any mitigation provider's primary service area or (ii) at a cost of less than 200 percent of the price of credits available from a fund dedicated to achieving no net loss of wetland acreage and functions, the applicant may purchase or use credits from a mitigation provider's secondary service area. The bill provides certain requirements that the permit applicant must comply with in order to purchase or use such credits from a secondary service area, including minimum tree canopy requirements.

Wetland and stream mitigation banks; proximityof impacted site. Provides that when a water protection permitapplicant is required to purchase wetland or stream mitigation bankcredits but no credits are available (i) in any mitigation provider'sprimary service area or (ii) at a cost of less than 200 percent ofthe price of credits available from a fund dedicated to achievingno net loss of wetland acreage and functions, the applicant may purchaseor use credits from a mitigation provider's secondary service area.The bill provides certain requirements that the permit applicantmust comply with in order to purchase or use such credits from asecondary service area, including minimum tree canopy requirements.