California Health and Safety Code

§ 44101

HSC § 44101 Effective Jan 1, 1998Div. 26 · Part 5 · Ch. 5 · Art. 10

Statute text

Not later than December 31, 1998, the state board shall adopt, by regulation, a statewide program to commence in 1999 that does all of the following:

(a)Provides for the creation, exchange, use, and retirement of light-duty vehicle mobile source emission reduction credits. The credits shall be fungible and exchangeable in the marketplace, and shall reflect the actual emissions of the vehicles that are retired or otherwise disposed of, by measurement, appropriate sampling, or correlations developed from appropriate sampling. The numerical value of credits may be constant over a defined lifetime, or may decline with age measured from the time of origination of the credits. In all cases, the numerical value of the credits shall reflect the useful life expectancies and the projected in-use emissions of the retired vehicles in a manner consistent with the assumptions used in determining the emissions inventory. The credits shall be fully recognized by the United States Environmental Protection Agency, the state board, and the districts.

(b)Sets out the criteria for retiring or otherwise disposing of high-emitting vehicles purchased for this program.

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Legislative history

Amended by Stats. 1997, Ch. 802, Sec. 10. Effective January 1, 1998.