“Help us pass the Clean Water Commerce Act to enable the purchase of nutrient reduction credits, a cost-effective, market-based solution that will allow the state to help meet the Chesapeake Bay Watershed Improvement Plan goals.” - Governor Larry Hogan, February 1, 2017
Clean Water Commerce Act Of 2017
Governor Hogan’s Proposed Legislation Allows $10 Million Over The Next Two Fiscal Years Of The Bay Restoration Fund To Be Used To Purchase Nutrient Credits. “After funding any eligible costs identified under item (IV) 1 and 2 of this paragraph, for costs associated with the purchase of cost-effective nitrogen, phosphorus, or sediment load reductions in support of the State’s efforts to restore the health of the Chesapeake Bay, not to exceed $4,000,000 in fiscal year 2018, $6,000,000 in fiscal year 2019, and $10,000,000 per year in fiscal years 2020 and 2021.” (“Senate Bill 314,” Maryland General Assembly, 2/28/17)
Common Sense Bipartisan Proposal Received Near Unanimous Support In Both Chambers Of The Maryland General Assembly
The Maryland State Senate Unanimously Approved The Clean Water Commerce Act Of 2017 By A Vote Of 46-0. (“Senate Bill 314,” Maryland General Assembly, 3/6/17)
The Maryland House Of Delegates Approved The Clean Water Commerce Act Of 2017 By A Near Unanimous Vote Of 137-1. (“House Bill 417,”Maryland General Assembly, 3/10/17)
No comments:
Post a Comment