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About RIBITS |
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RIBITS (Regulatory In lieu fee and Bank Information Tracking System) was developed by the U.S. Army Corps of Engineers with support from the Environmental Protection Agency, the U.S. Fish and Wildlife Service, the Federal Highway Administration, and NOAA Fisheries to provide better information on mitigation and conservation banking and in-lieu fee programs across the country. RIBITS allows users to access information on the types and numbers of mitigation and conservation bank and in-lieu fee program sites, associated documents, mitigation credit availability, service areas, as well information on national and local policies and procedures that affect mitigation and conservation bank and in-lieu fee program development and operation.
Recent modifications to RIBITS allow use of RIBITS to track water quality trading (WQT) activities
and credits for restoration banks recognized under Natural Resource Damage Assessment statutes. The WQT was sponsored by the USDA Office of Environmental Markets with two states participating in the pilot effort, Virginia and Iowa. The NRDA modifications were sponsored by NOAA with the pilot NRDA Project and sites in the Portland Area.
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