The Florida Association of Mitigation Bankers (FAMB) is an industry association representing entities that own and operate wetland
mitigation banks. The FAMB fosters and promotes the wetland mitigation banking industry. Wetland mitigation banks are regulated by both Florida and federal agencies, and exist all over Florida. Wetland mitigation banks preservation of large tracts of environmentally sensitive land.
The FAMB has two 2010 legislative priorities: (1) to revise wetland regulatory law to provide a preference for the use of mitigation banks to offset wetland impacts similar to the preference contained in federal wetland regulatory law; and (2) provide a process for mitigation bankers to obtain an optional voluntary up-front determination on the potential mitigation credits a tract of land will produce.
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