Environmental
What does the term 'mitigation banking' mean in Nevada environmental real estate?
AA financial tool for funding environmental cleanup
BA system where developers can purchase mitigation credits from a pre-approved bank to offset impacts to wetlands or habitat caused by their project✓ Correct
CA bank loan program for environmental remediation
DA state fund that reimburses developers for environmental compliance costs
Explanation
Mitigation banking allows developers who impact wetlands or sensitive habitat to purchase pre-approved credits from a mitigation bank (a restored or preserved area) to offset those impacts. This is used in Nevada when development unavoidably affects jurisdictional wetlands.
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