Fla. Admin. Code Ann. R. 62-306.500 - Pre-Approval of Credit Generation
(1)
To obtain Department pre-approval of the number of credits expected to be
generated from a project before executing an agreement on a water quality
credit trade, the credit generator must submit information to the Department
describing in detail the activities that will generate the credits and the
expected nutrient load reduction below the generator's baseline . The credit
generator must submit the information to the Department on a signed Form
62-306(1), "Pre-Approval of Water Quality Credits Generated Form" effective
December 2015 (https://www.flrules.org/Gateway/reference.asp?No=Ref-06313),
which is adopted and incorporated by reference herein. Copies of the form may
be obtained by writing to the Florida Department of Environmental Protection,
2600 Blair Stone Road (MS #3510), Tallahassee, Florida 32399.
(2) The Department will notify the credit
generator within thirty days of receipt of the signed form if the credit
generator has not provided the information needed to determine how many credits
are expected to be generated. After the credit generator provides all of the
required information, the Department will timely notify the credit generator of
the maximum number of credits that could potentially be authorized for the
project. The Department will determine the number of credits expected to be
generated from the activities in accordance with this chapter. The number of
credits generated and approved may be modified by the Department if the project
specifications are altered between the date of pre-approval issuance and the
actual generation of credits. The number of credits needed for a given trade
will be dependent on the specific circumstances of the trade, including the
location of the buyer of the credits.
Notes
Rulemaking Authority 403.067(9) FS. Law Implemented 403.067(8)-(10) FS.
New 9-6-10, Amended 1-11-16.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.