Establishes a conservation banking system to offset impacts on threatened, endangered, candidate, or proposed species in Hawaii.

This bill creates a framework for conservation banking in Hawaii, allowing the Department of Land and Natural Resources to operate and approve conservation banks. These banks will provide compensatory mitigation for adverse impacts on threatened, endangered, candidate, or proposed species. The bill defines key terms such as "conservation bank instrument" and "credit," and outlines the process for establishing and operating these banks. The purpose is to ensure long-term protection for these species and to make project costs more predictable for incidental take licensees.

Establishes a conservation banking system to offset impacts on threatened, endangered, candidate, or proposed species in Hawaii.

This bill creates a framework for conservation banking in Hawaii, allowing the Department of Land and Natural Resources to operate and approve conservation banks. These banks will provide compensatory mitigation for adverse impacts on threatened, endangered, candidate, or proposed species. The bill defines key terms such as "conservation bank instrument" and "credit," and outlines the process for establishing and operating these banks. The purpose is to ensure long-term protection for these species and to make project costs more predictable for incidental take licensees.