ILF Project definition

ILF Project means a Compensatory Mitigation project funded under the Program.
View Source
ILF Project means Compensatory Mitigation implemented by the Program Sponsor under the Program.
View Source

Examples of ILF Project in a sentence

  • If any action is taken to void or modify an ILF Project real estate instrument, management plan, or other long-term protection mechanism, MARS must notify the Corps in writing 60 days in advance.

  • Each ILF Project will be approved individually, as detailed herein, and the specific requirements for its operation, monitoring, and management will meet the USACE standard operating procedures at the time of its approval.

  • Each approved ILF Project Development Plan will include a Credit Release schedule referenced to Performance Standards.

  • At a minimum, Credits will not be released until the Program Sponsor has obtained USACE approval of the Development Plan for the ILF Project site, has achieved the applicable milestones in the Credit Release schedule, and has submitted a request for Credit Release to the USACE along with documentation substantiating achievement of the criteria for release to occur and Credit Releases have been approved by the USACE.

  • The Program Sponsor shall be responsible to maintain the ILF Project site and perform Remedial Action except for damage or non-compliance caused by Catastrophic Events, events of Force Majeure or Unlawful Acts.

  • In the event that the Program operated by Program Sponsor is terminated (i.e., closed), Program Sponsor is responsible for fulfilling any remaining ILF Project obligations including the successful completion of ongoing mitigation projects, relevant maintenance, monitoring, reporting, and long-term management requirements.

  • Reports will include detailed summaries of Program Account deposits and disbursements for each ILF Project made over the previous state fiscal year (July 1 – June 30) (Section VII).

  • If any action is taken to void or modify an ILF Project real estate instrument, Program Sponsor must notify the USACE in writing.

  • The cost per unit of Credit must also take into account the resources necessary for the long-term management, protection of the ILF Project, and enforcement of the long-term instrument or other protection mechanism.

  • Inspecting parties shall not unreasonably disrupt or disturb activities on the ILF Project site, and will provide written notice within reasonable time prior to the inspection.