Advance Credit

{
  "id": "MLC-T-ENV-000574",
  "term": "Advance Credit",
  "field": "Environment",
  "definition": "Any credits of an approved in-lieu fee program that are available for sale prior to being fulfilled in accordance with an approved mitigation project plan. Advance credit sales require an approved in-lieu fee program instrument that meets all applicable requirements including a specific allocation of advance credits, by service area where applicable. The instrument must also contain a schedule for fulfillment of advance credit sales.",
  "references": [
    "40 CFR 230.92 (CFR 2018)"
  ],
  "url": "https://mlchart.com/terminology/environment/advance-credit/"
}