A new report from the Environmental Law Institute (ELI) and Stetson University College of Law outlines the wide range of approaches and practices currently in use by ILF programs across the United States. The goals of the informative report were to support program oversight and effectiveness in order to ultimately improve the protection and restoration of aquatic ecosystems.
The mitigation banking industry is at a pivotal moment. Regulatory shifts, evolving interpretations of the 2008 Mitigation Rule, and increasing pressure from alternative mitigation programs are reshaping the landscape. In this environment, a unified voice is not just beneficial—it’s essential. That’s where membership in the National Environmental Banking Association (NEBA) makes a difference.
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According to US Army Corps of Engineers (USACE) data, there are more than 8 million Advance Mitigation Credits sitting on the ledgers of the many dozens of In-Lieu Fee (ILF) Programs across the United States today, nearly all of which are exempt from any financial assurance that the mitigation projects will actually be performed.
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