Policy Update

Florida Legislature Advances SB 492/HB 1175: Proposed Updates to Mitigation Banking Regulations

Florida Legislature Advances SB 492/HB 1175: Proposed Updates to Mitigation Banking Regulations UPDATE: As of April 11, 2025, SB 492 and HB 1175 have passed key committees and continue to move through the legislative process in the Florida Legislature. These proposed bills would introduce significant changes to Florida’s mitigation banking framework, including standardized credit release schedules and expanded flexibility in using out-of-service-area credits. If passed and signed into law, these updates aim to streamline credit availability while maintaining environmental standards—particularly