CWD CWD Wetland Mitigation & Banking 2

Question 1

What document formally establishes the terms and conditions of a mitigation bank?

Accepted Answer

Banking Instrument

Answer

A banking instrument is the legal agreement between the Corps of Engineers and the bank sponsor that establishes a mitigation bank's terms and conditions.

Question 2

What is a 'service area' in the context of a mitigation bank?

Accepted Answer

The geographic region within which a bank's credits may be used to offset permitted impacts

Answer

A service area defines the geographic boundary within which a mitigation bank's credits can be used to compensate for permitted wetland impacts.

Question 3

Which term describes the functional uplift achieved by a mitigation bank expressed as units available for sale?

Accepted Answer

Mitigation credits

Answer

Mitigation credits represent the functional uplift achieved at a bank site and are the units sold to permittees needing to compensate for wetland impacts.

Question 4

Under the 2008 Compensatory Mitigation Rule, which type of mitigation is generally preferred over permittee-responsible mitigation?

Accepted Answer

Third-party mitigation through mitigation banking

Answer

The 2008 rule generally prefers mitigation banking because banks provide greater ecological certainty through advance establishment and demonstrated success.

Question 5

What must a mitigation bank achieve before final credits are released to the sponsor?

Accepted Answer

Successful achievement of ecological performance standards over a monitoring period

Answer

Credits are released incrementally as the bank achieves ecological performance standards, with final release requiring sustained success over the monitoring period.

(CWD) Certified Wetland Delineator Practice Test

(CWD) Certified Wetland Delineator Practice Test

CWD CWD Wetland Mitigation & Banking 2