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Wetland Mitigation Banking FAQ - Eligibility, Evaluation & Payment - Part 1

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Eligibility, Application Evaluation, and Payment, part 1

1. What is the difference between a commercial mitigation bank versus.an agriculture use mitigation bank?

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2. Can applicants that have not yet established a mitigation bank (or never had a bank in the past) be considered for program funding?

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3. What size geographic area are you considering? 8 digit HUC? Other?

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4. Will NRCS fund applications that propose to establish a bank in an area outside of the states identified as “priority” in the funding announcement?

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5. Can in-lieu fee programs apply as well?

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6. Are Prior Converted wetlands (PC) and/or Farmed Wetlands (FW) eligible for banking?

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7. What is the definition of a Farmed Wetland?

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8. Can State Department of Natural Resource employees (DNR) be bank managers?

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9. Would banks with stream mitigation be considered eligible if the funding is applied only to wetland mitigation within the bank?

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10. How will the funding cycle work? Are costs reimbursable only, or will funding be available up-front?

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11. Can the award money be used to buy property for the bank?

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12. Can a perpetual WRP easement be used as a bank?

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13. Can you describe the payment mechanisms for credit purchase in a little more detail?

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Wetland Mitigation Banking Frequently Asked Questions (PDF, 47KB)

Eligibility, Evaluation & Payment - Part 1 | Eligibility, Evaluation & Payment - Part 2 | Corps of Engineers/CWA | Credits/Functional Assessment | Other

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