HB792:

Nutrient credit trading; adjacent hydrologic unit code.

Bill Summary:

Nutrient credit trading; adjacent hydrologic
unit code. Removes authority for a Virginia Stormwater Management
Program or Virginia Erosion and Stormwater Management Program to
allow compliance with stormwater nonpoint nutrient runoff water quality
criteria through the applicant's acquisition of nutrient credits
in the same tributary in an adjacent hydrologic unit code (HUC) or
fourth order subbasin, unless certain existing criteria for purchasing
credits outside of the HUC or fourth order subbasin are met, when
the credits are in a locality with a population fewer than 20,000
people and geographic area under 200 square miles.