The Department of the Environment regulates dredging, dumping, filling, and similar activities in wetland areas to protect the environmental and public values of the wetlands and to sustain their ability to control floods. Regulations will be enacted with the consent of the Maryland Agricultural Commission. This legislation contains provisions to protect the rights of riparian owners and landowners. Licensing requirements for the construction of non-water dependent structures on piers can be found in section 16-104; such structures may not be permitted in Prince George's County.
The purpose of the permits is to protect and preserve submerged lands under tidal and freshwaters and wetlands, both salt and fresh water, from unregulated alteration that would adversely affect the natural ability of wetlands to absorb flood waters, treat stormwater, and recharge groundwater supplies, impact fish and wildlife of significant value, and depreciate or obstruct the commerce, recreation, and aesthetic enjoyment of the public. The permits apply to both major and minor impact projects.
This Act establishes regulations regarding the removal, dredging, filling, and altering of land bordering waters, allowing such activity only with permits and in certain situations. Specific regulations relevant to this Act can be found in 310 CMR 10.00 (general regulations), 12.00 (coastal wetlands), 13.00 (inland wetlands), and 23.00 (abandoned cranberry bogs).
A wetland owner can apply to the host county for designation of a wetland preservation area. Once designated, the area remains designated until the owner initiates expiration, except where a state or governmental agency exercises eminent domain. Construction and certain public projects are prohibited on designated wetland preservation areas.
Legislation authorizes states' entrance into the Western Interstate Nuclear Compact, which aims to undertake the cooperation of participating states in deriving the optimum benefit from nuclear and related scientific or technological resources, facilities, and skills.
The West Virginia Venture Capital provides investment funds to eligible businesses stimulating economic growth and providing or retaining jobs within the state through qualified venture capital companies. Terms and conditions for funding eligibility are dependent on the varying terms of participating venture capital funds.
The West Virginia Loan Insurance Program, provides a loan insurance program in cooperation with third party lenders to assist firms that cannot obtain conventional bank financing. Up to 80% of the loan can be insured for a maximum period of four years.
The West Virginia Direct Loan Program, provides up to 45 percent in financing fixed assets through low-interest, direct loans to businesses expanding or locating in West Virginia. Proceeds from the program may be used for the acquisition of land, buildings and equipment.