SB 492 Amended |
| As mentioned, Senate Bill (SB) 492 and House Bill (HB) 1175 were filed to address mitigation bank credit shortages in various watersheds throughout the state. We have been working closely with the bill sponsors and others to address comments received from our members.
Earlier today SB 492 was amended and passed by the Senate Appropriations Committee on Agriculture, Environment, and General Government. The “strike all” amendment conformed the Senate Bill to the House Bill. This is a necessary step to pass legislation. The amendment included language to address issues of concern to our industry and members’ comments including revisions to the credit release schedule, allowing the applicant to propose a different release schedule than that required by the bill if they choose, clarification on the cumulative impact assessment, clarification on the use of mitigation when it is out of basin, out of type, or both, and timetables. The amended bill is designed to improve the availability of credits in high demand watersheds while protecting existing and future mitigation banking interests. If passed and signed by the Governor, the bill would become effective July 1, 2025. If you have any questions, please contact Board President Ryan Deibler or Executive Director David Rathke. FAMB is actively working on these bills to ensure our industry is represented and mitigation banker’s interests are protected. You can read the bills and analysis below: |
