HI SB204

Authorizes the Department of Land and Natural Resources to establish and operate aquatic in-lieu fee mitigation programs in addition to existing aquatic mitigation banks.

Permits in-lieu fee mitigation to restore, create, enhance, or preserve aquatic habitats or resources as compensatory mitigation for prospective damages where the requiring agency approves the use.

Allows in-lieu fee mitigation to be used for compensatory mitigation related to past damages to aquatic habitats or resources.

Amends Chapter 187A, Part IV of Hawaii Revised Statutes to rename the section "Aquatic mitigation banking and aquatic in-lieu fee mitigation" to reflect the expanded mitigation options.