Major General Scott A. Spellmon has issued new guidance regarding Mitigation Bank Credit Release Schedules and Equivalency in Mitigation Bank and In-Lieu Fee Program Service Areas, addressing head-on two areas of historic concern for members of the Environmental Banking Industry. The new guidance for USACE District Engineers applies to mitigation banks and in-lieu fee programs not yet approved, and allows for sponsors of already approved projects to amend their existing mitigation banking instruments.
August 21, 2020