SB 1532 by Senator Jason Brodeur ( R – Lake Mary ) HB 1073 by Representative Keith Truenow ( R – Tavares )
Final Action : Passed House : 114-0 Senate : 39-0
Mitigation
SB 1532 by Senator Jason Brodeur ( R – Lake Mary ) HB 1073 by Representative Keith Truenow ( R – Tavares )
Final Action : Passed House : 114-0 Senate : 39-0
This good bill is intended to provide an alternative to the increased size in stormwater retention ponds and / or the over reliance on technology resulting from the new stormwater rule .
The bill allows for water enhancement credits or stormwater credits to be purchased by private entities . It will also allow public-private partnerships for the creation of mitigation banks on local government-owned conservation land when mitigation credits are not available in that basin . The credits are then allowable for sale to private entities such as builders and developers .
The bill now awaits signature from the Governor .
2024 FHBA Legislative Summary I 15