This bill proposes updates to wetland mitigation methods in Minnesota, particularly for areas where wetland coverage is already above 80%. It aims to allow more flexibility in how wetland impacts are compensated by reducing the required replacement ratios if certain conditions are met. These conditions include implementing alternative wetland mitigation strategies that still preserve the public value of wetlands, such as restoring riparian corridors or waterways, stabilizing hydrology, or completing environmental improvement projects aligned with approved management plans. The bill also directs the responsible board, in consultation with various governmental bodies, to draft rules for assessing the public value of these alternative mitigation methods.