Mitigation bank definition

Mitigation bank means a site providing off-site, consolidated compensatory mitigation that is developed and approved in accordance with all applicable federal and state laws or regulations for the establishment, use and operation of mitigation banks, and is operating under a signed banking agreement.

Mitigation bank means a system of accounting for wet- land loss and compensation that includes one or more sites where wetlands are restored, enhanced, created, or preserved to provide credits to be subsequently applied or purchased in order to com- pensate for adverse impacts to other wetlands.

Mitigation bank means a site where wetlands or similar habitats are restored, created, enhanced, or in exceptional circumstances, preserved, expressly for the purpose of providing compensatory mitigation in advance of authorized impacts to aquatic resources.

Examples of Mitigation bank in a sentence

• Mitigation bank credits are not re- leased for debiting until specific mile- stones associated with the mitigation bank site’s protection and development are achieved, thus use of mitigation bank credits can also help reduce risk that mitigation will not be fully suc- cessful.

• Com- pensatory mitigation projects should not be located where they will increase risks to aviation by attracting wildlife to areas where aircraft-wildlife strikes may occur (e.g., near airports).(2) Mitigation bank credits.

• Mitigation bank permit,” “Mitigation banker” or “banker,” “Mitigation credit,” and “Mitigation service area” shall have the same meanings as provided in Chapter 62-342, F.A.C.

• Mitigation bank credits are not released for debiting until specific milestones associated with the mitigation bank site's protection and development are achieved, thus use of mitigation bank credits can also help reduce risk that mitigation will not be fully successful.

• Mitigation bank credits shall be purchased prior to the purchase of in-lieu fee program credits in accordance with 9VAC25-210-116.C.2. The credit sale shall be in accordance with the approved Mitigation Banking Instrument for the mitigation bank.

More Definitions of Mitigation bank

Mitigation bank means a site, or suite of sites, where

Mitigation bank means a site cre- ated, restored, enhanced or preserved in ac- cordance with ORS 196.600 to 196.655 to compensate for unavoidable adverse impacts to waters of this state due to activities which otherwise comply with the requirements of ORS 196.600 to 196.905.

Mitigation bank means a program to implement mitigation at a subwatershed or watershed scale and provide opportunities to provide larger, better habitat in advance of impacts. Mitigation banking involves the generation of “credits” through restoring, creating, and/or enhancing habitats. These credits can then be sold to permit applicants who need to offset the adverse impacts of projects that would occur within the “service area” of the bank. Wetland mitigation is regulated by Chapter 90.84 RCW. The U.S. Army Corps of Engineers and U.S. Environmental Protection Agency also offer guidance.

Mitigation bank means a site where wetlands or other aquatic resources are restored, created, enhanced, or preserved expressly for the purpose of providing compensatory mitigation in advance of authorized impacts to similar resources. “Aquatic resources” means wetlands, streams, lakes, rivers, springs, seeps, reservoirs, ponds, groundwater, riparian areas, and the fauna that reside within them. Aquatic resources may include permanent, seasonal, flowing, standing, natural, or man-made water bodies.

Mitigation bank means a property that has been protected in perpetuity and approved by appropriate county, state and federal agencies expressly for the purpose of providing compensatory mitigation in advance of authorized

Mitigation bank means a site where wetlands or other aquatic resources are restored, created,

Mitigation bank means an operation in which wetlands, uplands, and/or other aquatic resources are restored, created, enhanced, or preserved by a mitigation bank operator for the purpose of providing compensatory mitigation for disturbances to freshwater wetlands and/or State open waters.