SB 492 – Mitigation Banks 

On Monday, April 21, SB 492 by Senator Stan McClain (R-Ocala) was heard by the Senate Rules Committee and was reported favorably. AIF stood in support of this legislation.

SB 492 expands laws passed by the legislature in 2024 that provided credits for environmental mitigation projects. The proposed legislation would allow state agencies who govern mitigation credits to offer credits outside the service area of authorized mitigation banks. This is a resource already available at the federal level.

SB 492 will now go to the Senate Floor for consideration.

AIF supports legislation that expands access to water quality mitigation projects. These measures would allow businesses to operate effectively while working alongside regulators on lands/waterways categorized as mitigation banks.