N.J. Admin. Code § 7:7-17.15

Current through Register Vol. 56, No. 17, September 3, 2024

Section 7:7-17.15 - Requirements for credit purchase from an approved mitigation bank

(a) If the Department determines that credit purchase is the appropriate mitigation alternative, the Department shall evaluate the values and functions lost as a result of the impacts and determine the number of credits required to ensure that the mitigation results in wetlands or intertidal and subtidal shallows of equal functions and values to those lost.

(b) The mitigator shall prepare and execute all documents necessary to ensure that the credits have been purchased from a Department approved mitigation bank with available credits.

(c) The Department shall determine mitigation through credit purchase successful upon:

1. Demonstration by the mitigator that the completed mitigation satisfies all applicable permit conditions, requirements of this subchapter, and requirements of the approved mitigation proposal; and

2. Documentation from the mitigator that the credit purchase was made as required. Documentation shall include a written certification from the mitigation bank operator, indicating the number of credits purchased and the Department permit number.

N.J. Admin. Code § 7:7-17.15

Adopted by 47 N.J.R. 1392(a), effective 7/6/2015