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.