Relating to the creation of credits for the restoration of salmon habitat; prescribing an effective date.

Requires Department of State Lands to study creation of credits for restoration of salmon habitat. Directs department to submit findings to interim committees of Legislative Assembly related to environment no later than September 15, 2024. ] Directs Department of State Lands, in consultation with State Department of Fish and Wildlife, to develop salmon credit pilot program to encourage voluntary restoration of salmonid habitat in Coquille and Coos watershed basins. Establishes Salmon Credit Trust Fund. Directs Department of State Lands and State Department of Fish and Wildlife to consult with United States Army Corp of Engineers to develop, or identify existing, programmatic general permit to authorize restoration activities under pilot program. Becomes operative on date that programmatic general permit is established. Provides that Department of State Lands may not approve salmon credit project on or after January 2 of sixth year following establishment of programmatic general permit. Takes effect on 91st day following adjournment sine die.