HB318

Hawaii HB318 establishes a framework for conservation banks to offset impacts on threatened and endangered species.

Hawaii HB318 aims to authorize 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 "bank sponsor," "compensatory mitigation," and "conservation bank." It also outlines the process for establishing and operating these banks, including the creation of conservation bank instruments and the release of credits based on defined units.