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
Full Bill Text | All Actions | Available Summaries | Senate Home Page | List of 2001 Senate Bills
Current Bill Summary

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).