Texas Statutes
Subchapter G. Vehicle Emissions
Section 382.212. Emissions Reduction Credit

Sec. 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.
Added by Acts 2001, 77th Leg., ch. 1075, Sec. 1, eff. Sept. 1, 2001.

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