Section 1792 Of Article 4. Wetlands From California Fish And Game Code >> Division 2. >> Chapter 7.8. >> Article 4.
1792
. In the interest of assuring that the minimum price for
wetland credit is sufficient to ensure the financial integrity of the
bank, the department may establish a minimum price for each bank
established pursuant to this chapter. The operator may set a higher
price to the extent that price is consistent with the terms of the
memorandum of understanding executed pursuant to Section 1785. After
the department determines the number of wetland acres in the bank
site that qualify for credit against wetland loss in a qualifying
urban area, the operator shall provide to the department, and the
department shall verify, an accounting of the average cost for each
wetland acre created, by wetland type for the purpose of determining
credits, using the following factors:
(a) Land costs, including the reasonable interest cost of holding
the land.
(b) Wetland creation costs.
(c) Wetland administration, maintenance, and protection costs.
(d) Annual taxes, including all tax increases allowed under
applicable state law, and in-lieu payments pursuant to Section 1787,
if applicable.
(e) Costs incurred by the department in establishing the bank
site, and the direct cost of necessary ongoing monitoring and
oversight.
(f) Any other information relevant to a determination of the cost
of preserving the wetlands in perpetuity.