Michigan Administrative Code
Department - Environmental Quality
Water Resources Division
Wetland Mitigation Banking
Section R. 281.958 - Registry of mitigation bank credits
Current through Vol. 24-04, March 15, 2024
Rule 8.
(1) The department shall maintain a registry of established wetland mitigation banks and approved mitigation credits to track the generation and use of credits and to provide information to the public regarding the availability of credits. The mitigation bank registry shall include all of the following information:
(2) Within 60 days of the sale of approved mitigation bank credits, the bank sponsor shall report the sale and the per credit sale price to the department. The sale price shall not be included in the registry.
(3) The department shall list approved mitigation credits in the mitigation bank registry. Inclusion of uplands in mitigation bank plans is encouraged and may be essential to fully meet functional goals, however, uplands will not be included in the mitigation credits available in the bank, except as provided in R 281.960.
(4) All information contained in the registry shall be readily available to the public.