07/25/2001 Env Bd Packet - Laserfiche WebLink

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agency, or organization that is the owner of credits. Subp. 4. Applicant. "Applicant" is a person, corporation, government agency, or organization that makes an application to withdraw wetland credits from the wetland bank. Subp. 5. Credits or wetland credits. "Credits" or "wetland credits" means acres or parts of acres of restored or created wetland, catalogued by abbreviated Cowardin, et al. wetland type from part 8420.0540, subpart 10, item B, and inlet and outlet characteristics deposited in the wetland bank. Subp. 6. State wetland banking system, wetland bank, or bank. "State wetland banking system," "wetland bank," or "bank" means a system of identifying wetlands restored or created for replacement credit, providing for, and facilitating and tracking the exchange of wetland credits for projects that require replacement plans. SA: MS s 14.06; 103B.101; 103B.3355 HIST: 18 SR 274 8420.0720 PRINCIPLES OF WETLAND BANKING. Subpart 1. Goal. Implementation of a wetland banking system must comply with the purposes and goals of the act by achieving a no -net loss in the quantity, quality, and biological diversity of Minnesota's existing wetlands. Subp. 2. Sequencing prerequisite. The state wetland banking system may only be used for replacement of drained or filled wetlands when the local government unit determines that the applicant has complied with all of the sequencing requirements of part 8420.0520; that the project would otherwise be allowed if adequate replacement could be secured by the applicant; that project- specific replacement is not reasonable or desirable; and that the owner of the account agrees to the withdrawal of credits from the account. Subp. 3. Geographic limitations. In counties having greater than 80 percent of their presettlement wetlands intact, wetland banking is allowed for any impact. Wetland banking in counties with less than 80 percent of their presettlement wetlands intact can be considered only in situations involving impacts of less than five acres, except in certain circumstances as noted in part 8420.0740, subpart 2, item B, subitem (2). Subp. 4. Eligible wetlands. Restored wetlands are eligible for deposit into the wetland bank. Created wetlands are eligible for deposit in the wetland bank in counties in which 80 percent or more of the presettlement wetlands are intact. In other counties, created wetlands are eligible for deposit in the bank only if they are created by excavation in nonwetlands, by dikes or dams along public or private drainage ditches, or by dikes or dams associated with the restoration of previously drained or filled wetlands. Modification or z..� conversion of nondegraded naturally occurring wetlands from one type to another are not eligible for enrollment in a statewide 62