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Texas Health and Safety Code - HEALTH & SAFETY § 395.008. Availability of Emissions Reduction Credits

Current as of January 01, 2024 | Updated by Findlaw Staff

<Chapter 395 expires pursuant to V.T.C.A., Health & Safety Code § 395.015.>

(a) A project that is funded from a grant under the program and that would generate marketable emissions reduction credits under a state or federal emissions reduction credit averaging, banking, or trading program is not eligible for funding under the program unless:

(1) the project includes the transfer of the credits, or the reductions that would otherwise be marketable credits, to the commission and, if applicable, the state implementation plan; and

(2) the credits or reductions, as applicable, are permanently retired.

(b) An emissions reduction generated by a purchase or lease under this chapter may be used to demonstrate conformity with the state implementation plan.

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Cite this article: FindLaw.com - Texas Health and Safety Code - HEALTH & SAFETY § 395.008. Availability of Emissions Reduction Credits - last updated January 01, 2024 | https://codes.findlaw.com/tx/health-and-safety-code/health-safety-sect-395-008/

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