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Committee backs bill allowing Agriculture commissioner to hold easements and earn interest on mitigation fund
Summary
House Bill 1400 passed the committee after testimony that the bill will allow the state to accept developer mitigation funds, earn interest on the mitigation account, and hold easements to manage required environmental mitigation tied primarily to energy projects.
House Bill 1400, which allows the state to earn interest on the Environmental Impact Mitigation Fund and authorizes the Agriculture Commissioner to enter into easements needed to implement the mitigation program, received a due‑pass recommendation from the Senate Energy and Natural Resources Committee by a 7‑0 vote.
What the bill does: Commissioner Doug Goring testified the bill “provides the ability to acquire interest on money in the environmental impact mitigation fund and the ability to enter into easements and to carry out the intent and purpose of the mitigation program.” The statutory authority will…
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