The pilot Water Quality Credit Trading rule provides entities the option of meeting their required pollutant load reductions under the Lower St. Johns River Basin Management Action Plan (BMAP) in a more effective, cost efficient manner by purchasing credits from other sources that have reduced their load by more than is required under the BMAP. Under the pilot program, at least one of the trading parties must have an individual wastewater or stormwater permit, and credits are only generated when a source’s load is reduced below the baseline allocation established for the entity. For trades where the seller and buyer discharge to different WBIDs, the amount of credits proposed to be traded is adjusted by the applicable Location Factors to provide reasonable assurance that the proposed trade does not result in localized adverse impacts to the river. Sellers of water quality credits are responsible for achieving the load reductions on which the credits are based and for complying with the terms of their permit, if applicable, and any trading agreements into which they may have entered. Buyers of water quality credits are responsible for complying with all terms of their permit. In the event that credits purchased are determined to be invalid, the invalidation of credits shall be addressed pursuant to paragraph 403.067(8)(g), F.S. This rulemaking has been given OGC case number 08-2058.