HOUSE APPROPRIATIONS AND FINANCE COMMITTEE SUBSTITUTE FOR

HOUSE BILL 431

48th legislature - STATE OF NEW MEXICO - first session, 2007

AN ACT

RELATING TO THE ENVIRONMENT; ENACTING A NEW SECTION OF THE AIR QUALITY CONTROL ACT; PROVIDING FOR THE COLLECTION OF FEES TO SUPPORT THE REASONABLE COSTS OF A GREENHOUSE GAS EMISSIONS REPORTING AND REGISTRY PROGRAM; MAKING AN APPROPRIATION.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     Section 1. A new section of the Air Quality Control Act is enacted to read:

     "[NEW MATERIAL] GREENHOUSE GAS EMISSIONS REPORTING AND REGISTRY PROGRAM--FEES.--

          A. The environmental improvement board or the local board may adopt a schedule of fees, for industrial, nonagricultural sources that emit more than one thousand tons per year of carbon dioxide or carbon dioxide equivalent, sufficient to cover the reasonable cost of:

                (1) preparing and maintaining a greenhouse gas emissions inventory; and

                (2) developing and maintaining a greenhouse gas emissions reporting and registry program.

          B. The fees applied to greenhouse gas emissions from combustion shall be calculated using standardized quantification protocols and procedures that include activity data units and standard carbon content fuel values as described in 40 CFR Part 75.

          C. Fees collected pursuant to this section shall be deposited in:

                (1) the state air quality permit fund created pursuant to Section 74-2-15 NMSA 1978 if collected by the department; or

                (2) a fund created pursuant to Section 74-2-16 NMSA 1978 if collected by a local agency pursuant to a permit regulation adopted by the local board pursuant to this section.

          D. The total amount of fees collected annually pursuant to this section shall not exceed two hundred thousand dollars ($200,000) each to a local agency and the department.

          E. As used in this section:

                (1) "carbon dioxide equivalent" means the amount of carbon dioxide by weight that would produce the same global warming impact as a given weight of another greenhouse gas;

                (2) "greenhouse gas" means carbon dioxide, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons or sulfur hexafluoride; and

                (3) "greenhouse gas emissions reporting and registry program" means a system that provides for the annual tracking and verification of greenhouse gas emissions and emission reductions from entities."

     Section 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2007.

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