{"data":{"id":"us-va/9vac25-900-280","jurisdiction":"us-va","citation":"9VAC25-900-280","heading":"Allowable financial mechanisms","body":"A. Subject to the limitations and requirements outlined in 9VAC25-900-260 and 9VAC25-900-270, an owner of nutrient credit-generating project using structural BMPs to generate term or perpetual nutrient credits and required to submit financial assurance pursuant to 9VAC25-900-230 may use any one or combination of mechanisms listed in 9VAC25-900-290 through 9VAC25-900-330 to meet the financial assurance requirements of this chapter.\n\nB. Subject to the limitation and requirements outlined in 9VAC25-900-270, an owner of a nutrient credit-generating project utilizing wetland or stream restoration practices to generate perpetual credits and required to submit financial assurance pursuant to 9VAC25-900-230, may use any one or combination of mechanisms listed in 9VAC25-900-290 through 9VAC25-900-330 to meet the financial assurance requirements for the monitoring plan; however, only a trust fund may be used to meet the financial assurance requirements for the long-term management fund, unless a third-party long-term steward is approved by the department in accordance with 9VAC25-230 C 3.","path":["Title 9. Environment","Agency 25. State Water Control Board","Chapter 900. Certification of Nonpoint Source Nutrient Credits","Part VI. Financial Assurance"],"source_url":"https://law.lis.virginia.gov/admincode/title9/agency25/chapter900/section280/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:49:31Z","sha256":"934e1412b06eac2921475525c42292a2de598490b1f29ab8a3f235a8708ba81a","source_id":"us-va-vac","stale":false,"prev":"us-va/9vac25-900-270","next":"us-va/9vac25-900-290"},"notice":"GroundRules: Original legal text. Not legal advice."}