Section 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.Fla. Admin. Code Ann. R. 62-306.500
Rulemaking Authority 403.067(9) FS. Law Implemented 403.067(8)-(10) FS.
New 9-6-10, Amended by Florida Register Volume 41, Number 249, December 29, 2015 effective 1/11/2016.New 9-6-10, Amended 1-11-16.