                                 CODE OF VIRGINIA

CARBON MARKET PARTICIPATION; SUBMERGED AQUATIC VEGETATION (§ 10.1-1186.6)

The Department may participate in any carbon market for which submerged aquatic
vegetation restoration qualifies as an activity that generates carbon offset
credits. Any revenue resulting from the sale of such credits shall be used to
implement additional submerged aquatic vegetation monitoring and research or to
cover any administrative costs of participation in the credit market. The
Department may enter into agreements necessary to effect such participation,
including with private entities for assistance with registration and sale of
offset credits. The Department shall hold exclusive title to such credits until
sold.

HISTORY: 2020, c. 810.