DEQ - NOx Emissions Credits Auction (language only)

Item 383 #7s

Language
Page 295, after line 9, insert:
"The Department of Environmental Quality may auction the NOx emissions credits allocated under the NOx SIP call and any revenue generated shall be deposited to the general fund of the state treasury."

Explanation
(This amendment authorizes the department to auction the "set aside" of nitrogen oxides emissions estimated at 1,878 tons. The set asides are "units" of pollution that are not under state permit but are legally available to industry for expansion purposes. The budget language permits the department to auction these units and requires the moneys to be deposited to the general fund. The estimated revenue from this transaction is $8.8 million in FY 2004.)