LB590

Establishes a mitigation bank or in-lieu fee program for compensatory mitigation of threatened or endangered species habitat.

Establishes a mitigation bank or in-lieu fee program to compensate for the incidental taking of threatened or endangered species habitat from permitted activities. The Department of Transportation can establish, use, and operate the program, acquiring title to real property through various means. State regulatory agencies must prioritize the program when reviewing mitigation plans for state transportation projects. Owners of mitigation bank land must pay a sum in lieu of ad valorem taxes lost by the county.