NRS 445B.508
Reduction or mitigation of increases in emissions
- air pollution credits.
1.
In a county whose population is 700,000 or more, a district board of health or board of county commissioners may, as a part of its program for the control of air pollution established pursuant to NRS 445B.500, require each person or entity that is proposing to locate a new source of air pollution within its jurisdiction or to modify an existing source of air pollution within its jurisdiction in such a way as to increase emissions of air pollutants, to reduce or mitigate any increase in emissions in accordance with regulations adopted by such board.2.
If a district 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.3.
If a county operates a program for the control of air pollution that allows a person operating or responsible for the existence of a source to earn credits for maintaining or reducing the level of air contaminant emitted from the source, the program:(a)
Must allow the person to earn credits for reducing the level of air contaminant emitted from that source through the use of solar energy; and(b)
Must not allow the person to earn credits for reducing the level of air contaminant emitted from that source if such a reduction is required as a component of a penalty imposed against the person.4.
A credit earned pursuant to this section does not constitute an interest in property.5.
As used in this section:(a)
“Credit” means an administratively created asset that may:(1)
Entitle a person operating or responsible for the existence of a source to allow the source to emit a certain level of air contaminant 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.
Source:
Section 445B.508 — Reduction or mitigation of increases in emissions; air pollution credits., https://www.leg.state.nv.us/NRS/NRS-445B.html#NRS445BSec508.