SB 492 passed the legislature and will be headed to the Governor soon.
Senate Bill (SB) 492 and House Bill (HB) 1175 were filed to address credit deficient basins that occur from time to time. We have been working closely with the bill sponsors and others to address comments received from our members.
The final bill is designed to improve the availability of credits in credit deficient watersheds while protecting existing and future mitigation banking interests. If signed by the Governor, the bill would become effective July 1, 2025.
Two important concepts contained in the legislation dealt with credit release schedules and proximity factors.
