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 three 2012 legislative priorities aimed at leveling the playing field for all types of mitigation. These priorities include (1) legislation to allow the Florida Department of Transportation the opportunity to choose mitigation bank credits to offset unavoidable wetland impacts, (2) requiring public entities to meet the same standards as private mitigation banks when providing mitigation to third parties, and (3) aligning the state mitigation requirements to those of the 2008 Federal Compensatory Mitigation Rule.
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