Louisiana Administrative Code
Title 43 - NATURAL RESOURCES
Part XXXI - Coastal Protection and Restoration Authority
Chapter 1 - Natural Resource Damage Restoration Banking
Subchapter B - NRD Restoration Banking Framework
Section XXXI-109 - Natural Resource Damage Banking Review Team (BRT)
Universal Citation: LA Admin Code XXXI-109
Current through Register Vol. 50, No. 9, September 20, 2024
A. CPRA shall convene the BRT to implement the NRD Restoration Banking Program. The state trustees, or their designees, shall be standing members of the BRT. CPRA shall serve as the BRT chair The BRT may consult with or invite other state and federal agencies (including federal NRDA trustees) as appropriate for review and certification of specific NRD restoration banks. The primary duties of the BRT are:
1. to review documents submitted by potential
restoration bank sponsors, including the prospectus, restoration bank plan,
restoration banking instrument, and other appropriate/requested documents to
determine whether proposed NRD restoration banks qualify for the NRD
Restoration Banking Program;
2. to
work with potential restoration bank sponsors on the development of restoration
credits (including establishing the number and types of credits an NRD
restoration bank will generate and a credit release schedule), appropriate
financial assurances, and required project monitoring and long-term management
activities (if such long-term management activities are appropriate for the
bank);
3. to seek public review and
comment on the restoration bank plan;
4. to certify NRD restoration
banks;
5. to review construction,
monitoring, and other required reports to determine if corrective actions or
adaptive management activities are necessary and to approve the release of
credits for an NRD restoration bank; and
6. to ensure compliance with the terms and
conditions of NRD restoration bank certification as set forth in the
restoration banking instrument.
AUTHORITY NOTE: Promulgated in accordance with R.S. 49:214.5.2.
Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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