28161057, 62-306.100 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 28161057

Notice of Development of Rulemaking

Department:

DEPARTMENT OF ENVIRONMENTAL PROTECTION

Chapter:

WATER QUALITY CREDIT TRADING

Overview

RULE:

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:

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:

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:

373.4134, 403.067(7)-(10) FS.

PRINT PUBLISH DATE:

3/18/2024 Vol. 50/54

RELATED STATUTES
AND LAWS:

373.4134(9), 403.067(9) FS., 373.4134, 403.067(7)-(10) FS.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=62-306.100&PDate=3/18/2024&Section=1

REFERENCE MATERIALS:

No reference(s).

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