Ohio Admin. Code 3745-5-05 - General requirements for a water quality trading management plan application

Current through all regulations passed and filed through September 3, 2021

(A) A All water quality management plan application applications shall be developed in accordance with this chapter.
(B) Any person proposing to modify water quality trading activities that are in an approved water quality trading management plan or any person that proposes to expand a watershed water quality trading area shall submit to the director a new water quality trading management plan application. The new water quality trading management plan application shall: be submitted to the director at least six months prior to modifying any water quality trading activities or expanding a water quality trading area.

(1) Be submitted to the director at least six months prior to modifying any water quality trading activities or expanding a water quality trading area; and

(2) Be in accordance with this chapter.

(C) A water quality trading management plan renewal application shall be submitted to the director at least six months prior to an approved water quality trading management plan's expiration date. A water quality trading management plan renewal application shall be in accordance with this chapter and shall also include all of the following:
(1) Include an An economic evaluation of the water quality trading activities, including the number and types of water quality trades, prices paid for any water quality credits, all administrative costs, grant funding and in kind benefits received, and a determination of any net cost savings resulting from the water quality trading activities; .
(2) Assess An assessment of both the overall environmental and the economic effectiveness of all water quality trading activity; and .
(3) If necessary, propose revisions or corrective measures to the water quality trading management plan.
(D) The director may waive or reduce the scope of the evaluation and assessment required under paragraphs (C)(1) and (C)(2) of this rule based on consideration of factors, such as the number of trades that have occurred, the number of nonpoint source BMPs that have been implemented, the status of the BMPs and the overall participation level in a trading program.

Notes

Ohio Admin. Code 3745-5-05
Effective: 5/11/2018
Five Year Review (FYR) Dates: 2/22/2018 and 05/01/2023
Promulgated Under: 119.03
Statutory Authority: 6111.03, 6111.04
Rule Amplifies: 6111.03, 6111.04
Prior Effective Dates: 01/01/2007, 11/01/2012

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