Hawaii HB1802 establishes a framework for conservation mitigation banks to restore and preserve habitats and resources.

Hawaii HB1802 amends the Hawaii Revised Statutes to create a new chapter on conservation mitigation banks. The bill authorizes the Department of Land and Natural Resources to establish and operate these banks, which aim to restore, create, enhance, or preserve species, their habitats, or resources. These banks serve as a mechanism for compensatory mitigation, providing credits for wildlife or listed species. The department can sell credits generated from listed-species conservation activities to incidental take licensees.

Hawaii HB1802 establishes a framework for conservation mitigation banks to restore and preserve habitats and resources.

Hawaii HB1802 amends the Hawaii Revised Statutes to create a new chapter on conservation mitigation banks. The bill authorizes the Department of Land and Natural Resources to establish and operate these banks, which aim to restore, create, enhance, or preserve species, their habitats, or resources. These banks serve as a mechanism for compensatory mitigation, providing credits for wildlife or listed species. The department can sell credits generated from listed-species conservation activities to incidental take licensees.