Florida Regulations 62-306.700: Water Quality Credit Trade Tracking
Current as of: 2024 | Check for updates
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(1) The Department shall track all credit generation pre-approvals and all credits traded, and shall post the information on its website.
(2) Information tracked related to credits and trades will include, at a minimum:
(a) The names and street addresses of all parties, locations of discharges, receiving water (WBID), and the nutrient involved;
(b) The generator’s baseline and the amount of credits generated;
(c) A description of the actions that generated credits and whether the credits are measured or estimated;
(d) The date when credits will initially be generated and applied under the trade, and the effective period of the credits;
(e) The amount of credits traded and any adjustments for location or uncertainty;
(f) The unit price of the credits, including the amount of any state funding used to generate the credits; and,
(g) The date of the most recent inspection by DACS or the Department to verify implementation of activities generating estimated credits.
Rulemaking Authority Florida Statutes § 403.067(9). Law Implemented 403.067(8)-(10) FS. History-New 9-6-10, Amended 1-11-16.
Terms Used In Florida Regulations 62-306.700
- Baseline: Projection of the receipts, outlays, and other budget amounts that would ensue in the future without any change in existing policy. Baseline projections are used to gauge the extent to which proposed legislation, if enacted into law, would alter current spending and revenue levels.
(a) The names and street addresses of all parties, locations of discharges, receiving water (WBID), and the nutrient involved;
(b) The generator’s baseline and the amount of credits generated;
(c) A description of the actions that generated credits and whether the credits are measured or estimated;
(d) The date when credits will initially be generated and applied under the trade, and the effective period of the credits;
(e) The amount of credits traded and any adjustments for location or uncertainty;
(f) The unit price of the credits, including the amount of any state funding used to generate the credits; and,
(g) The date of the most recent inspection by DACS or the Department to verify implementation of activities generating estimated credits.
Rulemaking Authority Florida Statutes § 403.067(9). Law Implemented 403.067(8)-(10) FS. History-New 9-6-10, Amended 1-11-16.