Mitigation News

Mitigation Banking Regulation Updates: What You Need to Know for 2024   As we step into 2024, it’s crucial for stakeholders in the environmental and development sectors to stay updated on the latest changes in Florida’s mitigation banking regulations. The Florida Department of Environmental Protection (DEP) has proposed several updates to Chapter 62-342 of the Florida Administrative Code, which governs the establishment and management of mitigation banks. These updates aim to refine the rules and ensure more robust protection and restoration of

Explore how the Energy and Water Development Appropriation Act 2024 influences mitigation banking. Learn how Congress is urging the U.S. Army Corps of Engineers to enhance efficiency in credit releases.

New Legislation Enhances Flexibility in Mitigation Banking – SB 1646 Overview   In an exciting development for the world of environmental conservation and restoration, a significant mitigation banking bill was filed on January 5, 2024. This new legislation is poised to transform the current landscape of mitigation banking, particularly concerning the use of out-of-basin mitigation credits. At its core, the bill focuses on providing more flexibility in the use of mitigation credits, especially when in-basin options are unavailable. This new provision is a

In this latest blog post by Victoria Bruce, CEO of Mitigation Banking Group, Inc., discover how the revised WOTUS rules are shaping the mitigation banking landscape. Learn why these changes may benefit landowners and the industry as a whole.

Mitigation Banking Legislative Update – March 2023 HB 1167 has been filed; and a Senate companion to HB 1167 has been filed – SB 1702. This bill will allow FDEP or a water management district to release state credits from a mitigation bank before the banks mets the mitigation success criteria specified in the bank’s permit when   (a) mitigation credits are not available in sufficient quantities to be sold or used to offset imminent and otherwise allowable adverse impacts within a mitigation service

Barberville Mitigation Bank In partnership with the County of Volusia, The Mitigation Banking Group, Inc. has been awarded the exclusive representation for the mitigation bank credit sales. The Barberville Mitigation Bank was permitted in 1996 by the St. Johns River Water Management District and the U.S. Army Corps of Engineers. The 1,083.29 acres is conserved & restored land that will forever be conservation and managed in perpetuity. The property provides to be the missing link to connect wildlife to the Lake Woodruff