Wetland Banking

Deposits

Wetlands restored or created without prior LGU approval are not eligible for deposit in the bank.
A proposal to deposit a wetland in the bank undergoes the same scrutiny as a proposal to directly replace a wetland.
The wetland restoration/creation must be done specifically for wetland banking and /or direct replacement purposes.
The Technical Evaluation Panel will review banking projects to ensure that necessary wetland characteristics have developed before recommending them eligible for deposit.
To ensure that only functioning wetlands are deposited, created wetlands must be monitored for at least one year and restored wetlands must be monitored for at least six months before they may be deposited into the bank.
There is no maximum or minimum wetland acreage eligible for deposit.
The proposed wetland must be restored or created within two years of approval or the bank plan must be resubmitted.

When using the wetland bank to replace wetland impacts, a completed replacement plan must be submitted.
The proposed wetland impact must be determined unavoidable according to the sequencing process.
The price of the credits is negotiated between the buyer and seller.
Wetland impacts shall not begin until the LGU formally approves the wetland replacement plan using the acknowledged wetland credits as replacement.
Wetland credits may be transferred between accounts and held for future use or resale.