Oregon Administrative Rules
Chapter 340 - DEPARTMENT OF ENVIRONMENTAL QUALITY
Division 39 - WATER QUALITY TRADING PROGRAM
Section 340-039-0043 - Requirements for Trading Ratios
Universal Citation: OR Admin Rules 340-039-0043
Current through Register Vol. 63, No. 3, March 1, 2024
(1) Water quality trades must include one or more trading ratios that apply to credits. Ratio components and underlying assumptions must be clearly documented in the trading plan.
(2) Trading ratios may be used to account for variables associated with a trading project including the following:
(a) Attenuation of a water quality benefit
between the location where credit-generating BMPs occur and the point of use;
(b) Pollutant equivalency;
(c) Uncertainty of BMP performance
or water quality benefit measurement or estimate;
(d) Types of risk not associated with BMP
performance;
(e) Time lag after
BMP installation before a BMP produces full water quality benefit;
(f) Credit for trading projects located in
priority areas; or
(g) Credit
retirement to ensure a net reduction in water pollution.
Stat. Auth.: ORS 468.020, 468B.020, 468B.030, 468B.035, 468B.555
Stats. Implemented: ORS 468B.555
Disclaimer: These regulations may not be the most recent version. Oregon 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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