2001 REGULAR SESSION (71st)                                                                       A SB535 R1 836

Amendment No. 836

 

Assembly Amendment to Senate Bill No. 535  First Reprint                                                (BDR 40‑791)

Proposed by: Committee on Natural Resources, Agriculture, and Mining

Amendment Box:

Resolves Conflicts with: N/A

Amends:         Summary:               Title:               Preamble:               Joint Sponsorship:

 

ASSEMBLY ACTION              Initial and Date              |SENATE ACTION                        Initial and Date

       Adopted       Lost                                               |          Adopted       Lost                                           

Concurred In                     Not                                                        |Concurred In  Not                                 

       Receded        Not                                               |         Receded        Not                                           

 

     Amend section 1, page 1, by deleting line 16 and inserting:

“requirements for the creation, receipt and exchange for consideration of credits to reduce and”.

     Amend sec. 2, page 3, by deleting lines 11 through 36 and inserting:

     “2.  If a district board of health, county board of health or board of county commissioners imposes the requirement described in subsection 1, its program established pursuant to NRS 445B.500 must:

     (a) Provide a method for determining credits which results in credits that are quantifiable, surplus and legally enforceable;

     (b) Set forth the manner in which credits will be banked and traded, and the manner in which such transactions will be tracked and accounted for by the board; and

     (c) By not later than January 1, 2002, prohibit any person or entity from purchasing or selling credits of one type of pollutant if such credits will be used subsequently to produce a different type of pollutant.”.

     Amend sec. 2, page 3, line 47, before “4.” By inserting “[2.]”.

     Amend sec. 2, page 4, by deleting lines 1 through 9 and inserting:

     “(a) “Credit” means an administratively created [right that:

     (a) Entitles] asset that may:

          (1) Entitle a person operating or responsible for the existence of a source [of air contaminant] to allow the source to emit a certain level of air contaminant [; and

     (b) May be] above a baseline that is determined by the board;

          (2) Be used to comply with the requirements of a permit; and

          (3) Be traded or sold to another person.

     (b) “Surplus” means that a credit is not earned by compliance with a requirement of the state implementation plan adopted by this state pursuant to 42 U.S.C. § 7410 or any other federal, state or local law, ordinance or regulation.”.

     Amend sec. 3, page 4, line 10, by deleting “1.”.

     Amend sec. 3, page 4, line 11, by deleting:

“subsection 2 of NRS 445.508” and inserting “NRS 445B.508”.

     Amend sec. 3, page 4, by deleting lines 15 through 19.