The Department is initiating rulemaking to update the Water Quality Credit Trading Rule in Chapter 62-306, F.A.C. Pursuant to Section 403.067, Florida Statutes, Chapter 62-306, F.A.C., was initially adopted in 2010 to establish ....

 

DEPARTMENT OF ENVIRONMENTAL PROTECTION

RULE NO.:RULE TITLE:

62-306.100:Scope and Intent

62-306.200:Definitions

62-306.300:General Requirements

62-306.400:Credit Eligibility

62-306.500:Pre-Approval of Credit Generation

62-306.600:Use of Credits and Credit Adjustments

62-306.700:Water Quality Credit Availability and Trade Tracking

62-306.800:Compliance with Trade Provisions

PURPOSE AND EFFECT: The Department is initiating rulemaking to update the Water Quality Credit Trading Rule in Chapter 62-306, F.A.C. Pursuant to Section 403.067, Florida Statutes, Chapter 62-306, F.A.C., was initially adopted in 2010 to establish the requirements for a water quality credit trading (WQCT) program among pollutant sources for purposes of meeting reduction allocations in a Department’s basin management action plan or reasonable assurance plan. Section 373.4134, Florida Statutes, created a new category of credit generator who may sell credits to meet certain water quality requirements of the Environmental Resource Permitting program in Section 373.414, Florida Statutes, as well as allocation reduction requirements in Chapter 62-306, F.A.C. This rulemaking is intended to amend Chapter 62-306, F.A.C., consistent with the statutory changes, as well as update the rules as necessary to effectively and efficiently address the requirements of Section 403.067, Florida Statutes.

SUBJECT AREA TO BE ADDRESSED: Revise Chapter 62-306, F.A.C., consistent with statutory changes, and update the rules as necessary to effectively and efficiently address the requirements of Section 403.067, Florida Statutes.

RULEMAKING AUTHORITY: 373.4134(9), 403.067(9) FS.

LAW IMPLEMENTED: 373.4134, 403.067(7)-(10) FS.

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: David Frady, Division of Environmental Assessment and Restoration, Mail Station 3500, Florida Department of Environmental Protection, 2600 Blair Stone Road, Tallahassee, Florida 32399-2400, telephone: [phone].

 

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS NOT AVAILABLE.