Establishes a framework for the approval and operation of conservation banks in Hawaii to protect endangered species.

The bill authorizes the Board of Land and Natural Resources to approve the operation of public and private conservation banks aimed at increasing numbers of protected species and enhancing their habitat. These banks create mitigation credits that can be purchased by incidental take licensees to fulfill their mitigation obligations. The bill outlines the criteria for approving conservation banks, including the need for a conservation bank instrument that details the bank's operation, a resource management plan, and a system for assessing and releasing credits.

Establishes a framework for the approval and operation of conservation banks in Hawaii to protect endangered species.

The bill authorizes the Board of Land and Natural Resources to approve the operation of public and private conservation banks aimed at increasing numbers of protected species and enhancing their habitat. These banks create mitigation credits that can be purchased by incidental take licensees to fulfill their mitigation obligations. The bill outlines the criteria for approving conservation banks, including the need for a conservation bank instrument that details the bank's operation, a resource management plan, and a system for assessing and releasing credits.