Credit Generation and Validation, Use of Credits and Credit Adjustments  

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    DEPARTMENT OF ENVIRONMENTAL PROTECTION

    RULE NOS.:RULE TITLES:

    62-306.500Credit Generation and Validation

    62-306.600Use of Credits and Credit Adjustments

    NOTICE OF CHANGE

    Notice is hereby given that the following changes have been made to the proposed rule in accordance with subparagraph 120.54(3)(d)1., F.S., published in Vol. 41 No. 158, August 14, 2015 issue of the Florida Administrative Register.

    Department Form 62-306(1) is being changed to 1) remove the sworn statement from the document and 2) modify the title and the first sentence of the document to reflect that the form is no longer an affidavit.  The modifications to Form 62-306(1) necessitate the deletion of the second parenthetical in question 8 of Department Form 62-306(2), which stated “if credits were pre-approved, note date approved by the Department and skip items 9, 11, and 12.”  With these changes, the proposed rule reads:

     

    62-306.500 Pre-Approval of Credit Generation and Validation.

    (1) To obtain Department pre-approval of the number of credits expected to be generated from a project before executing an agreement on a water quality credit trade, the credit generator must submit information to the Department describing in detail the activities that will generate the credits and the expected nutrient load reduction below the generator’s baseline. The credit generator must submit the information to the Department on a signed Form 62-306(1), “Affidavit for Pre-Approval of Water Quality Credits Generated Form” effective December September 2015, which is adopted and incorporated by reference herein. Copies of the form may be obtained by writing to the Florida Department of Environmental Protection, 2600 Blair Stone Road (MS 3510), Tallahassee, Florida, 32399.

    (2) No change.

     

    62-306.600 Use of Credits and Credit Adjustments.

    (1) A credit buyer must submit to the Department information on the term of the trade, the number of credits traded, documentation to calculate the credits generated for the trade, the date when the credits will be generated, the timeframe the credits will be applied under the trade, the unit price for each purchased credit, and the amount of any state funding used to generate the credits traded. The credit buyer must submit the trade information to the Department on Form 62-306(2), “Water Quality Credit Trading Affidavit” effective December September 2015, which is adopted and incorporated by reference herein. Copies of the form, which must be signed by the credit seller and credit buyer, may be obtained by writing to the Florida Department of Environmental Protection, 2600 Blair Stone Road (MS 3510), Tallahassee, FL 32399.

    (2) through (8) No change.