Conservation and mitigation bank: marine artificial reefs.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Water, Parks and Wildlife
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill expands the definition of ‘conservation bank’ and ‘mitigation bank’ to include marine artificial reefs. It allows individuals and organizations to create these reefs for conservation purposes, provided they complete a full environmental review. The bill also addresses land use, requiring a lease from the State Lands Commission for reefs located on state-owned land, and establishing a trust fund to support their ongoing management.
Key provisions
- Expands the definition of ‘conservation bank’ and ‘mitigation bank’ to include marine artificial reefs.
- Authorizes the creation of marine artificial reefs for establishing mitigation or conservation banks.
- Clarifies that both nonprofit and for-profit organizations can operate these banks.
- Requires a lease from the State Lands Commission for marine artificial reefs on state sovereign land.
- Establishes a trust fund to support the ongoing management of marine artificial reefs.
- Specifies that the lease satisfies requirements for a bank enabling instrument and conservation easement.
- Mandates a full environmental review before establishing a marine artificial reef bank.
- Requires monitoring and maintenance of the reef to meet performance standards.
Who is affected
- Nonprofit organizations
- For-profit organizations
- State Lands Commission
- Department of Fish and Wildlife
Bill text
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Sponsors
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1 on record
Primary sponsor
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