In-lieu fee program

{
  "id": "MLC-T-ENV-014415",
  "term": "In-lieu fee program",
  "field": "Environment",
  "term_source": "In-Lieu Fee Program",
  "definition": "1. Program involving the restoration, establishment, enhancement, and/or preservation of aquatic resources through funds paid to a governmental or non-profit natural resources management entity to satisfy compensatory mitigation requirements for DA permits. Similar to a mitigation bank, an in-lieu fee program sells compensatory mitigation credits to permittees whose obligation to provide compensatory mitigation is then transferred to the in-lieu program sponsor. However, the rules governing the operation and use of in-lieu fee programs are somewhat different from the rules governing operation and use of mitigation banks. The operation and use of an in-lieu fee program are governed by an in-lieu fee program instrument.\n\n2. Application of credits released in accordance with a credit release schedule in an approved mitigation project plan to satisfy the mitigation requirements represented by the advance credits. Only after any advance credit sales within a service area have been fulfilled through the application of released credits from an in-lieu fee project (in accordance with the credit release schedule for an approved mitigation project plan), may additional released credits from that project be sold or transferred to permittees. When advance credits are fulfilled, an equal number of new advance credits is restored to the program sponsor for sale or transfer to permit applicants.",
  "subject": "Regulatory activities",
  "references": [
    "40 CFR 230.92 (CFR 2013)"
  ],
  "url": "https://mlchart.com/terminology/environment/in-lieu-fee-program/"
}