Requires annual reporting on permit applications and compensatory mitigation mechanisms.

The bill mandates the Tennessee Department of Environment and Conservation to report annually on permit applications and compensatory mitigation mechanisms. Specifically, it requires the Division of Water Resources to report the number of permit applications and details on compensatory mitigation, including mitigation banking, permittee-responsible mitigation, or in-lieu fee payments. The report must also include information on in-lieu fee programs and mitigation banking, such as the sponsor, number of credits sold, and revenue received. This act takes effect upon becoming law.

Requires annual reporting on permit applications and compensatory mitigation mechanisms.

The bill mandates the Tennessee Department of Environment and Conservation to report annually on permit applications and compensatory mitigation mechanisms. Specifically, it requires the Division of Water Resources to report the number of permit applications and details on compensatory mitigation, including mitigation banking, permittee-responsible mitigation, or in-lieu fee payments. The report must also include information on in-lieu fee programs and mitigation banking, such as the sponsor, number of credits sold, and revenue received. This act takes effect upon becoming law.