Mitigation Bank Charter Application - Oregon

Mitigation Bank Charter Application is a legal document that was released by the Oregon Water Resources Department - a government authority operating within Oregon.

FAQ

Q: What is a mitigation bank?
A: A mitigation bank is a wetland, stream, or other aquatic resource that has been restored, established, enhanced, or preserved for the purpose of providing compensatory mitigation for impacts to similar resources elsewhere.

Q: What is a mitigation bank charter application?
A: A mitigation bank charter application is a formal request to establish a mitigation bank in Oregon.

Q: Who can submit a mitigation bank charter application?
A: Any individual, organization, or agency can submit a mitigation bank charter application.

Q: What needs to be included in a mitigation bank charter application?
A: A mitigation bank charter application needs to include information about the proposed mitigation bank's location, design, and operation plan, as well as a detailed explanation of how the bank will provide compensatory mitigation for impacts to aquatic resources.

Q: Who reviews and approves a mitigation bank charter application in Oregon?
A: The Oregon Department of State Lands (DSL) and other relevant state and federal agencies review and approve mitigation bank charter applications in Oregon.

Q: What are the benefits of establishing a mitigation bank?
A: The establishment of a mitigation bank provides a streamlined process for developers and agencies seeking compensatory mitigation, helps promote the conservation and restoration of aquatic resources, and ensures long-term management and stewardship of these resources.

Q: Can individuals or organizations make money from operating a mitigation bank?
A: Yes, individuals or organizations can make money from operating a mitigation bank by selling mitigation credits to developers or agencies in need of compensatory mitigation.