AVAILABILITY OF EMISSIONS REDUCTION CREDITS.
Tex. HEALTH & SAFETY Code § 395.008.
in effect(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.
Added by Acts 2017, 85th Leg., R.S., Ch. 755 (S.B. 1731 ), Sec. 8(r-1), eff. August 30, 2017.