SB 555

Effective July 1, 2025, establishes a Wetlands Restoration and Protection Fund (Fund) in the Department of Environmental Quality (DEQ). Appropriates $15 million in recurring funds for the 2025-2026 fiscal from the General Fund to DEQ to establish the Fund. Specifies that the Fund can consists of contributions from public or private sources in addition to appropriations from the General Fund. Lists four purposes for the Fund, including wetland restoration, purchase of conservation easements, public awareness campaigns, and enforcement of wetlands protections laws. Designates $5 million of the appropriation for wetlands monitoring and research initiatives. Requires DEQ to submit an initial report by September 1, 2026, and annually thereafter to the specified NCGA committee and division on the Fund’s activities, and include at minimum, four listed elements, including the beginning and ending balances for the Fund for the fiscal year.