Subject: : Please VOTE NO on HB 799! NO "CAP AND TRADE" Banking on Our Wetlands!
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----- Original Message -----
From: Catherine Turner
Dear Chairman Sherwood, Patron Scott and Members of the House Agriculture,
The number of ecosystem credit trading bills in this GA session are alarming. This is another United Nations Agenda 21 bill that expands the definition of wetlands and when fully implemented, will effectively serve to cap the use of those resources.
This new system of riparian "banking" is entirely unConstitutional and I am sure that our Founders could not even conceive of such a scheme.
Please do not support this new financial bubble that will enrich the "bankers" and rob your constituents of their natural resources.
"Bundling and Stacking Ecosystem Service Credits"http://www.defenders.org/programs_and_policy/biodiversity_partners/ecosystem_marketplace/mfn/bundling_and_stacking.php
SWVA Tea Party Abingdon /
HB 799 Wetlands and streams; water protection permits, conditions for contribution to Board-approved fund.
SUMMARY AS INTRODUCED:
Wetlands and streams; water protection permits; conditions for contribution to a Board-approved fund. Requires as a condition for contribution to a State Water Control Board-approved fund, in lieu of creating or restoring compensatory wetland or stream acreage, either a showing that sufficient compensatory mitigation bank credits are unavailable or that the Board has determined that unique circumstances exist.
A. Permits shall address avoidance and minimization of wetland or stream impacts to the maximum extent practicable. A permit shall be issued only if the Board finds that the effect of the impact, together with other existing or proposed impacts to wetlands or streams, will not cause or contribute to a significant impairment of state waters or fish and wildlife resources.
B. Permits shall contain requirements for compensating impacts on wetlands or streams. Such compensation requirements shall be sufficient to achieve no net loss of existing wetland or stream acreage and functions and may be met through wetland or stream creation or restoration, purchase or use of mitigation bank credits pursuant to § 62.1-44.15:23, or contribution to a Board-approved fund dedicated to achieving no net loss of wetland or stream acreage and functions. Contribution to a Board-approved fund, including the purchase from the fund of credits that have met their success criteria, may be permitted to compensate for impacts to wetlands or streams only if (i) the applicant demonstrates that, at the time of the proposed contribution to a Board-approved fund, mitigation bank credits are not available for purchase in the project watershed or (ii) the Department of Environmental Quality determines in a writing accompanying the draft permit and based on scientific and technical analysis that (a) the impact site contains unique ecological features and (b) the proposed contribution to a Board-approved fund is more likely to replace the unique ecological features at the impact site than the purchase or use of mitigation bank credits. Authorization to compensate for permitted impacts to wetlands and streams by contribution to a Board-approved fund shall be conditioned on the continued satisfaction of clause (i) or (ii) until the time that the contribution is made. When
utilized used in conjunction with creation, restoration, or mitigation bank credits, compensation may incorporate (i) (1) preservation or restoration of upland buffers adjacent to wetlands or other state waters or (ii) (2) preservation of wetlands or streams.
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