All transactions in the Minnesota banking system must be accompanied by the appropriate transaction form with all required signatures and associated fees. Instructions and fee amounts are incorporated into the following forms.
Agricultural Banking Forms
BWSR has developed a withdrawal form specifically for agricultural producers who are purchasing credits from the State Wetland Bank. It combines the Wetland Conservation Act (WCA) replacement plan application and wetland credit withdrawal forms into a single form. This form can only be used for certain qualifying agricultural projects as specified in the form instructions. Separate instructions are provided for applicants and LGUs. Note that agricultural applicants can also use any of the above transaction forms in lieu of this form if they have separately received project approval from the LGU.
BWSR strongly encourages all buyers and sellers of wetland credits to complete a purchase agreement prior to finalizing the sale of wetland credits. If properly executed, a purchase agreement protects the buyer from completing the purchase before receiving the required regulatory approval(s). Signed purchase agreements for credits can be used in applying for wetland replacement plan approvals and are strongly encouraged in lieu of executed withdrawals. BWSR provides a template for purchase agreements as well as a bill of sale template to document executed transactions. These templates are not required to be used. Buyers and sellers may choose to draw up their own similar documents or alter these templates to suit their needs.