Tex.
Health & Safety Code Section 382.212
Emissions Reduction Credit
(a)
In this section, “emissions reduction credit” means an emissions reduction certified by the commission that is:(1)
created by eliminating future emissions, quantified during or before the period in which emissions reductions are made;(2)
expressed in tons or partial tons per year; and(3)
banked by the commission in accordance with commission rules relating to emissions banking.(b)
To the extent allowable under federal law, the commission by rule shall authorize:(1)
the assignment of a percentage of emissions reduction credit to a private, commercial, or business entity that purchases, for accelerated retirement, a qualified vehicle under a low-income vehicle repair assistance, retrofit, and accelerated vehicle retirement program;(2)
the transferability of an assigned emissions reduction credit;(3)
the use of emissions reduction credit by the holder of the credit against any state or federal emissions requirements applicable to a facility owned or operated by the holder of the credit;(4)
the assignment of a percentage of emissions reduction credit, on the retirement of a fleet vehicle, a vehicle owned or leased by a governmental entity, or a commercial vehicle, to the owner or lessor of the vehicle; and(5)
other actions relating to the disposition or use of emissions reduction credit that the commission determines will benefit the implementation of low-income vehicle repair assistance, retrofit, and accelerated vehicle retirement programs established under Section 382.209 (Low-income Vehicle Repair Assistance, Retrofit, and Accelerated Vehicle Retirement Program).
Source:
Section 382.212 — Emissions Reduction Credit, https://statutes.capitol.texas.gov/Docs/HS/htm/HS.382.htm#382.212 (accessed Jun. 5, 2024).
