Governor Phil Murphy • Lt.Governor Sheila Oliver
Mitigation Council & Banks
A mitigation bank is a site where mitigation activities are performed by a mitigation bank operator in advance of any specific need for compensatory mitigation.
Mitigation refers to an activity or activities designed to compensate for impacts to freshwater wetlands, State open waters, coastal wetlands, or riparian zones resulting from activities regulated under Land Use Management’s rules. Wetland mitigation is currently required under the Freshwater Wetlands Protection Act for some general permits and all individual permits. Under the Coastal Zone Management Rules, mitigation is required for all coastal wetland impacts. Mitigation is also required for some impacts to riparian zones under the Flood Hazard Area Control Act Rules.
Mitigation for wetlands may take several forms, including mitigation bank credit purchase, monetary contribution, or a land donation. Mitigation bank credit purchase is also an option to compensate for disturbance to riparian zones.
The Wetlands Mitigation Council serves as an oversight committee for monetary contributions or donations of land to satisfy mitigation requirements under the Land Use Management rules.
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Last Updated: June 28, 2018