In-Lieu Fees in Wetlands
In the USA, the concept of in-lieu fees (ILFs) relates to payments for compensatory mitigation for loss, damage or disturbance of a wetland, stream or endangered species habitat through development permitted under Section 404 of the Clean Water Act or the Endangered Species Act. Through the ILF process, a permittee provides funds to an in-lieu-fee sponsor (a public agency or nonprofit organization), who pools funds from multiple permittees to provide financial resources for building and maintaining mitigation site, or sites. The in-lieu fee sponsor is responsible for the success of the mitigation.
KeywordsCompensation Mitigation banking Permittee-responsible mitigation Tradable Mitigation sequence Avoid-mitigate-compensate Clean Water Act
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