Subject to approval by the State Land Board, the Director of the Department of State Lands may:

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(1) Charge a fee for purchase of credits in the mitigation bank as provided by ORS § 196.600 to 196.655.

(2) Acquire or accept title to lands suitable for use in mitigation banks or actions, or to preserve sensitive or unique habitat in or near the waters of this state.

(3) Pay costs incurred for alterations needed to create, restore, enhance or preserve waters of this state for purposes of carrying out the provisions of ORS § 196.600 to 196.655 or 196.800 to 196.921.

(4) Authorize payment of administrative, research or scientific monitoring expenses of the Department of State Lands in carrying out the provisions of ORS § 196.600 to 196.655 or 196.800 to 196.921.

(5) Disburse funds received under the federal Coastal Zone Management Act of 1972, as amended (16 U.S.C. § 1451 et seq.), for such purposes as specifically stipulated in a grant award.

(6) Receive funds under the federal Emergency Wetlands Resources Act of 1986, P.L. 99-645, for the voluntary acquisition of wetlands and interests therein according to the wetlands provisions of the Statewide Comprehensive Outdoor Recreation Plan. Funds received under the federal Emergency Wetlands Resources Act of 1986, P.L. 99-645, shall be used for nonmitigation complementary purposes and programs of ORS § 196.600 to 196.655. [Formerly 541.557; 1993 c.18 § 36; 2003 c.738 § 5; 2009 c.343 § 3]