Natural resources: wetlands; purchase of wetland credits by industrial construction permit applicants; allow. Amends secs. 30311b & 30311d of 1994 PA 451 (MCL 324.30311b & 324.30311d) & adds sec. 30311e.

HB 5556 allows industrial construction permit applicants in Michigan to purchase wetland credits from approved mitigation banks instead of always restoring or creating wetlands on-site to offset project impacts. The bill introduces temporary credits for short-term delays during on-site mitigation and establishes a stewardship fund for alternatives like conservation easements or payments. It updates rules to encourage wetland bank development by expanding service areas within watersheds, reducing required mitigation ratios when using bank credits, and allowing credit transfers between projects. This directly affects developers and construction companies requiring permits for projects impacting wetlands.