Section R. 281.958 - Registry of mitigation bank creditsRule 8.
(1) The department shall maintain a registry of established wetland mitigation banks and approved mitigation credits to track the generation and use of credits and to provide information to the public regarding the availability of credits. The mitigation bank registry shall include all of the following information: (a) A general description of the bank.(b) The total number of credits (acres) in the bank, the number previously used to meet mitigation requirements, the number offered for sale by the bank sponsor, and the number sold.(c) The number of acres of each major ecological type of wetland.(d) The defined service area of the bank.(e) The name and address of the bank sponsor.(f) The date of bank establishment by mitigation banking agreement, and the date of approval of mitigation credits.(g) An identification code for each approved mitigation bank.(2) Within 60 days of the sale of approved mitigation bank credits, the bank sponsor shall report the sale and the per credit sale price to the department. The sale price shall not be included in the registry.(3) The department shall list approved mitigation credits in the mitigation bank registry. Inclusion of uplands in mitigation bank plans is encouraged and may be essential to fully meet functional goals, however, uplands will not be included in the mitigation credits available in the bank, except as provided in R 281.960.(4) All information contained in the registry shall be readily available to the public.Mich. Admin. Code R. 281.958