Opened the debate
Chaney moved amendments to insert a clause requiring a review of the restoration contribution charge methodology every two years, with reports published within 20 days. The amendments also sought to mandate that regulations prescribing the charge method must consider administration, forgone use, management, insurance, and risk costs. Chaney argued that failing to price offsets correctly would lead to an ecological deficit, as seen in other jurisdictions where underpricing resulted in underfunded restoration projects. The member contended that including these factors would ensure financial and ecological integrity, preventing a pay-to-destroy model.