ENVIRONMENTAL MITIGATION TRUST

Amends the Environmental Protection Act. Provides that the Environmental Protection Agency shall administer the moneys available to the State under a specified environmental mitigation trust agreement for states. Provides that the Agency may allocate administrative costs to specified eligible mitigation actions. Provides that a Beneficiary Mitigation Plan submitted by the State under the specified environmental trust agreement shall comply with these provisions. Provides that a Beneficiary Mitigation Plan filed within 60 days after the effective date of the amendatory Act shall be revised to comply with the amendatory Act and resubmitted in accordance with the specified environmental mitigation trust agreement. Effective immediately.