adjusted cost of verified TMDL nutrient credits less the
value of the local environmental benefit or green
infrastructure reductions.
(4) The authority will allocate the cost consistent with
the revenue source adopted under this act based on each
permittee's percentage of the total nutrient reduction
mandate sufficient to cover the cost of the program.
Section 4. Replacement of sector allocation with competitive
bidding program.
(a) General rule.--The department shall transfer the
nutrient reduction mandates of a permittee to a competitive
bidding program to enable all certified nutrient credit entities
that can generate verified TMDL nutrient credits to participate
in an RFP on a voluntary basis.
(b) Transfer payment.--In return for being absolved from the
TMDL nutrient reduction mandate, the aggregate number of
permittees shall MAY pay into the program $50,000,000 annually
for 10 years subject to subsection (c).
(c) Payment amounts.--Payment amounts under subsection (b)
shall be adjusted annually based on the cost determination made
under section 3(c)(2) and (4) as published in the Pennsylvania
Bulletin.
(d) Payment in arrears.--Consistent with 62 Pa.C.S. Pt. I
(relating to Commonwealth Procurement Code), Federal policy
recommendations regarding the procurement of results in lieu of
funding solutions and any applicable State statute, payments to
entities will be made after the department has verified the
nutrient pollutant reductions. These verifications will be
performed monthly based upon required data submissions from
nutrient credit generators certified by the department.
20170SB0799PN1258 - 5 -
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