Tennessee SB0665 amends Title 69 to require annual reporting on compensatory mitigation mechanisms for water resources permits.

Tennessee SB0665 amends Title 69 to mandate that the division of water resources, in collaboration with the United States Army Corps of Engineers, report annually to the governor, the comptroller of the treasury, and relevant committee chairs on the number of permit applications and the compensatory mitigation mechanisms used. For permits requiring compensatory mitigation, the report must detail the mechanism, such as mitigation banking, permittee-responsible mitigation, or in-lieu fee payments, and include specifics like the number of credits sold and the sponsor's earnings.

Tennessee SB0665 amends Title 69 to require annual reporting on compensatory mitigation mechanisms for water resources permits.

Tennessee SB0665 amends Title 69 to mandate that the division of water resources, in collaboration with the United States Army Corps of Engineers, report annually to the governor, the comptroller of the treasury, and relevant committee chairs on the number of permit applications and the compensatory mitigation mechanisms used. For permits requiring compensatory mitigation, the report must detail the mechanism, such as mitigation banking, permittee-responsible mitigation, or in-lieu fee payments, and include specifics like the number of credits sold and the sponsor's earnings.