SB 492: Mitigation Banks

What the bill does

The bill, beginning on a specified date, revises the credit release schedule for mitigation bank credit permits and allows an applicant to propose an alternative schedule. It bars releasing mitigation credits for freshwater wetland creation until certain conditions are met and requires the department and water management districts to apply proximity factor multipliers in a specified manner, among other changes.

A plain-language summary drafted with AI from the official text below, then checked against that text by a separate AI review. It describes the bill, not this particular motion. How these numbers work