6051265, 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: 6051265

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
62-306.310	Prohibitions and Restrictions
62-306.320	Eligibility for Registration of Credits
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
62-306.900	Forms

PURPOSE:

The rule will establish the procedures for water quality credit trading, including the process to determine how credits are generated, quantified, and validated; the process for tracking credits, trades, and prices paid; limitations on the use of credits, including eligible pollutants, minimum water quality requirements, and any adjustments for uncertainty or location; the timing, duration, and transfer of credits; and the mechanisms for determining compliance with trade provisions.

SUBJECT:

Water Quality Credit Trading provides entities the option of meeting their required pollutant load reductions under a Total Maximum Daily Load (TMDL) in a more effective, cost efficient manner by purchasing credits from other sources that have reduced their load by more than required under the TMDL.

RULEMAKING AUTHORITY:

403.061, 403.067 FS.

LAW:

403.062, 403.067 FS.

PRINT PUBLISH DATE:

8/29/2008 Vol. 34/35

RELATED STATUTES
AND LAWS:

403.061, 403.067 FS., 403.062, 403.067 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=8/29/2008&Section=1

REFERENCE MATERIALS:

No reference(s).

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