(a) Required compensation.- The Board may require as a condition to issuance of a wetlands license that compensation be made to the State, of a kind and in an amount deemed appropriate by the Board.
(b) State Annuity Bond Fund Account.- Monetary compensation received by the State in conjunction with a wetlands license may not be applied to the State Annuity Bond Fund Account.
(c) Wetlands Compensation Fund.-
(1) There is created a special fund, known as the Tidal Wetlands Compensation Fund.
(2) The following money shall be deposited in the Tidal Wetlands Compensation Fund:
(i) Any monetary payment by a licensee in lieu of creating, restoring, or enhancing tidal wetlands that is required by the Department or the Board as a condition of a permit or license;
(ii) Any penalty imposed by a court in accordance with this title; and
(iii) Any penalty imposed by the Department under this title.
(d) Acquisition and conservation of wetland areas.- Funds in the Tidal Wetlands Compensation Fund may be appropriated only for the creation, restoration, or enhancement of tidal wetlands, including:
(1) Acquisition of land or easements;
(2) Maintenance of mitigation sites;
(3) Purchase of credits in mitigation banks;
(4) Management of invasive or nuisance species identified by the Department;
(5) Cost sharing assistance to landowners in the management and control of phragmites under Title 8, Subtitle 21 of the Natural Resources Article; and
(6) Contractual services necessary to accomplish the intent of this subsection.
(e) Availability of funds.- Funds credited and any interest accrued to the Fund:
(1) Shall remain available until expended; and
(2) May not revert to the General Fund under any other provision of law.
(f) Deposits into Fund.- All monetary compensation paid to the State in conjunction with a wetlands license other than that specified under subsection (c)(2) of this section shall be deposited in the Wetlands and Waterways Program Fund established under § 5-203.1 of this article.
(a) Required compensation.- The Board may require as a condition to issuance of a wetlands license that compensation be made to the State, of a kind and in an amount deemed appropriate by the Board.
(b) State Annuity Bond Fund Account.- Monetary compensation received by the State in conjunction with a wetlands license may not be applied to the State Annuity Bond Fund Account.
(c) Wetlands Compensation Fund.-
(1) There is created a special fund, known as the Tidal Wetlands Compensation Fund.
(2) The following money shall be deposited in the Tidal Wetlands Compensation Fund:
(i) Any monetary payment by a licensee in lieu of creating, restoring, or enhancing tidal wetlands that is required by the Department or the Board as a condition of a permit or license;
(ii) Any penalty imposed by a court in accordance with this title; and
(iii) Any penalty imposed by the Department under this title.
(d) Acquisition and conservation of wetland areas.- Funds in the Tidal Wetlands Compensation Fund may be appropriated only for the creation, restoration, or enhancement of tidal wetlands, including:
(1) Acquisition of land or easements;
(2) Maintenance of mitigation sites;
(3) Purchase of credits in mitigation banks;
(4) Management of invasive or nuisance species identified by the Department;
(5) Cost sharing assistance to landowners in the management and control of phragmites under Title 8, Subtitle 21 of the Natural Resources Article; and
(6) Contractual services necessary to accomplish the intent of this subsection.
(e) Availability of funds.- Funds credited and any interest accrued to the Fund:
(1) Shall remain available until expended; and
(2) May not revert to the General Fund under any other provision of law.
(f) Deposits into Fund.- All monetary compensation paid to the State in conjunction with a wetlands license other than that specified under subsection (c)(2) of this section shall be deposited in the Wetlands and Waterways Program Fund established under § 5-203.1 of this article.
(a) Required compensation.- The Board may require as a condition to issuance of a wetlands license that compensation be made to the State, of a kind and in an amount deemed appropriate by the Board.
(b) State Annuity Bond Fund Account.- Monetary compensation received by the State in conjunction with a wetlands license may not be applied to the State Annuity Bond Fund Account.
(c) Wetlands Compensation Fund.-
(1) There is created a special fund, known as the Tidal Wetlands Compensation Fund.
(2) The following money shall be deposited in the Tidal Wetlands Compensation Fund:
(i) Any monetary payment by a licensee in lieu of creating, restoring, or enhancing tidal wetlands that is required by the Department or the Board as a condition of a permit or license;
(ii) Any penalty imposed by a court in accordance with this title; and
(iii) Any penalty imposed by the Department under this title.
(d) Acquisition and conservation of wetland areas.- Funds in the Tidal Wetlands Compensation Fund may be appropriated only for the creation, restoration, or enhancement of tidal wetlands, including:
(1) Acquisition of land or easements;
(2) Maintenance of mitigation sites;
(3) Purchase of credits in mitigation banks;
(4) Management of invasive or nuisance species identified by the Department;
(5) Cost sharing assistance to landowners in the management and control of phragmites under Title 8, Subtitle 21 of the Natural Resources Article; and
(6) Contractual services necessary to accomplish the intent of this subsection.
(e) Availability of funds.- Funds credited and any interest accrued to the Fund:
(1) Shall remain available until expended; and
(2) May not revert to the General Fund under any other provision of law.
(f) Deposits into Fund.- All monetary compensation paid to the State in conjunction with a wetlands license other than that specified under subsection (c)(2) of this section shall be deposited in the Wetlands and Waterways Program Fund established under § 5-203.1 of this article.
