TENNESSEE WILDLIFE RESOURCES

The foundation is also the sole member of the tsmp, a tennessee limited liability company, created to administer an in-lieu fee (ilf) program under sections 401 and 404 of the clean water act. Under the terms of a 2013 in- lieu-fee instrument signed by various governmental agencies, the tsmp is responsible for development, design, implementation, monitoring and maintenance of the mitigation projects which have been required under the clean water act. The united states army corps of engineers (usace), in consultation with the interagency review team (irt), must approve all compensatory mitigation projects and the tsmp must submit annual monitoring reports for a minimum of five years after completion of construction. Impacts authorized through permit sections 401 and 404 of the clean water act often require compensatory mitigation. Permittees may mitigate for impacts themselves, purchase credits from a mitigation bank or pay a third-party ilf program provider to conduct the mitigation on their behalf. The tsmp is one such third-party ilf program provider.