Texas Statutes
Chapter 384 - Area Emission Reduction Credit Organizations
Section 384.012. Powers and Duties

Sec. 384.012. POWERS AND DUTIES. An organization shall have the authority to:
(1) receive and use funds;
(2) have an account at the Texas Natural Resource Conservation Commission Air Emission Reduction Credit Bank;
(3) acquire emission reduction credits through purchase, donation, or other means;
(4) transfer emission reduction credits by sale or other means;
(5) identify, evaluate, promote, initiate, and facilitate potential projects and strategies to generate emission reduction credits;
(6) provide financial assistance for projects to generate emission reduction credits;
(7) employ staff;
(8) enter into contracts; and
(9) consider sustainability of projects.
Added by Acts 1993, 73rd Leg., ch. 128, Sec. 1, eff. May 11, 1993. Amended by Acts 1995, 74th Leg., ch. 76, Sec. 11.204, eff. Sept. 1, 1995.

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