OR HB3352

Department of State Lands must develop a salmon credit pilot program for voluntary restoration of wild coho and chinook salmon habitat in the Coquille and Coos watershed basins, in consultation with the Department of Fish and Wildlife

Agricultural and forestland owners can become "credit generators" by completing habitat restoration projects, receiving compensation through credit sales and ongoing dividend payments from the Salmon Credit Trust Fund

Salmon credits can be purchased to satisfy compensatory mitigation obligations for permits, authorizations, or violation resolutions under state waterway regulations

Credit generators must convey a permanent easement to the state upon project completion, while retaining hunting and fishing rights; properties maintain special tax assessment eligibility for farm or forest use

Program becomes operative once a federal programmatic general permit is established with the U.S. Army Corps of Engineers, with no new projects approved after January 2 of the sixth year following permit establishment