Section 44062.2 Of Article 5. Financial Provisions From California Health And Safety Code >> Division 26. >> Part 5. >> Chapter 5. >> Article 5.
44062.2
. (a) The state board shall adopt, by regulation, procedures
to establish an emissions credit exchange program whereby persons
may contribute to the Vehicle Inspection, Repair, and Retrofit Fund,
and receive equitable emission reduction credits for those
contributions.
(b) Districts may establish procedures to generate marketable
emission reduction credits from contributions toward the repair
subsidy and vehicle retrofit subsidy program specified in Section
44062.1. Emission reduction credits generated pursuant to this
subdivision may be used to meet or offset transportation control
measure requirements, average vehicle ridership reductions, or other
mobile source emission requirements, as determined by the district.
(c) In federal nonattainment areas, the credits established
pursuant to subdivision (a) or (b) shall be allowed only for emission
reductions that are in excess of the reasonable further progress
goals established by Section 182 of the amendments enacted in 1990 to
the Clean Air Act (P.L. 101-549), or in excess of alternative
progress goals established in a state implementation plan pursuant to
Section 182 of the Clean Air Act.
(d) This section shall become inoperative five years from the date
determined pursuant to Section 32 of the act adding this
subdivision, and on the January 1 following that date is repealed.