Benefits to Regulatory Community
- Interagency approval of mitigation offset prior to impact through Mitigation
Bank Instrument – all signatory agencies have concurred with the value of mitigation
credits and how they are established and used
- The mitigation bank must remain in compliance with all Federal, State and Local laws
and regulations for credits to be available for use
- Guarantee that mitigation occurs prior to project impacts
- Ecologically advantageous to have one large project occurring at a landscape scale as
opposed to smaller sites that often fail
- Mitigation projects occur within a regional/watershed basis using Best Available Science
to ensure that watershed goals restoration objectives are being met
- Operational opportunity to streamline and consolidate review of performance and compliance
of mitigation site
- Financial assurances and certainty about project performance over life of project
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