Sec. 131. Funding to process permits
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Section 214(a)(2) of the Water Resources Development Act of 2000 ( 33 U.S.C. 2352(a)(2) ) is amended— by striking The Secretary and inserting the following: The Secretary ; and by adding at the end the following: An activity carried out by the Secretary to expedite evaluation of a permit described in subparagraph
(A)may include the evaluation of an instrument for a mitigation bank if— the non-Federal public entity, public-utility company, natural gas company, or railroad carrier applying for the permit described in that subparagraph is the sponsor of the mitigation bank; and expediting evaluation of the instrument is necessary to expedite evaluation of the permit described in that subparagraph. The use of credits generated by the mitigation bank established using expedited processing under clause
(i)shall be limited to current and future projects and activities of the entity, company, or carrier described in subclause
(I)of that clause for a public purpose, except that in the case of a non-Federal public entity, not more than 25 percent of the credits may be sold to other public and private entities. .
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Sec. 131
Funding to process permits
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