|SB 0374||Establishes a program of air pollution emissions banking and trading|
|LR Number:||1462L.04T||Fiscal Note:||1462-04|
|Committee:||Commerce and Environment|
|Last Action:||07/12/01 - Signed by Governor||Journal page:|
|Title:||HS SCS SB 374|
|Effective Date:||August 28, 2001|
HS/SCS/SB 374 - This act requires the Missouri Air Conservation Commission to establish emissions trading programs to achieve the national air standards required under the federal Clean Air Act. The Commission shall consider certain factors listed in the act in establishing the program. The program shall apply in "non-attainment areas, which are areas in which the air does not meet one or more of the National Ambient Air Quality Standards.
Under the program, owners of air pollutant sources located in nonattainment areas may document permanent, measurable and federally-approved reductions in emissions and receive credits for the reductions. The credits may be traded or transferred to other air pollutant sources within the same nonattainment area in which the emissions reduction occurred, but only if there will be no adverse impact on air quality. Creditable reductions shall only be given for emission reductions that occur after the effective date of the act. In nonattainment areas, the banked credits shall be reduced each year by three percent as long as the area remains classified as a nonattainment area.
The Department of Natural Resources shall register credits
and administer the Missouri emissions bank. These provisions are
also contained in CCS/SS/SCS/HB 453 (TAT).