Section 395.008 - Availability of Emissions Reduction Credits(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.Tex. Health and Safety Code § 395.008
Added by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 755,Sec. 8, eff. 8/30/2017, op. on the date that the Texas Emissions Reduction Plan Advisory Board is abolished.