California AB807 allows the creation of marine artificial reefs as mitigation banks to compensate for environmental impacts.

California AB807 amends the Fish and Game Code to permit the establishment of marine artificial reefs as mitigation banks. These reefs can be created by individuals or entities after completing an environmental review. The reefs must be maintained and monitored to meet performance standards. The bill also mandates the creation of a trust fund with 1% of bank credit sale revenue if the reef is on state sovereign land. The reef must be protected in perpetuity by the State Lands Commission upon lease completion.

California AB807 allows the creation of marine artificial reefs as mitigation banks to compensate for environmental impacts.

California AB807 amends the Fish and Game Code to permit the establishment of marine artificial reefs as mitigation banks. These reefs can be created by individuals or entities after completing an environmental review. The reefs must be maintained and monitored to meet performance standards. The bill also mandates the creation of a trust fund with 1% of bank credit sale revenue if the reef is on state sovereign land. The reef must be protected in perpetuity by the State Lands Commission upon lease completion.