Policy Update

Florida Senate Introduces SB 492 to Address Mitigation Banking Credit Shortages

Florida Senate Introduces SB 492 to Address Mitigation Banking Credit Shortages On February 5, 2025, the Florida Senate filed SB 492, a bill aimed at addressing mitigation banking credit shortages in key watersheds across the state. As demand for mitigation credits continues to rise, this bill seeks to refine regulatory processes to ensure more efficient credit availability while maintaining environmental integrity. What Does SB 492 Propose? SB 492 introduces key adjustments to state mitigation bank permitting practices, including: Credit Release Schedule Modifications –