OAR 690-521-0100: Purpose of Mitigation Bank and Mitigation Credit Rules

(1) The rules in OAR 690-521-0100 through 690-521-0600 set forth the process to recognize and establish mitigation banks in the Deschutes Basin and to establish, obtain and assign mitigation credits pursuant to Chapter 659, 2001 Oregon Laws (HB 2184). (2) Mitigation credits are a means to fulfill a mitigation obligation under OAR 690, division 505. (3) Mitigation credits are a means of encouraging individuals and institutions to invest in mitigation projects in the Deschutes Basin, such that credits earned by such projects may be held, applied, sold, or otherwise transferred for the purposes set forth above.