California § 39740.7. 39740.7. (Added by Stats. 2021, Ch. 237, Sec. 1.)

California Statutes

§ 39740.7. — 39740.7. (Added by Stats. 2021, Ch. 237, Sec. 1.)

California § 39740.7.

JurisdictionCalifornia

Code HSCHealth and Safety Code - HSC

Div. 26.DIVISION 26. AIR RESOURCES

Part 2.PART 2. STATE AIR RESOURCES BOARD

Ch. 4.3.CHAPTER 4.3. Carbon Sequestration

Art. 1.ARTICLE 1. Natural and Working Lands

This text of California § 39740.7. (39740.7. (Added by Stats. 2021, Ch. 237, Sec. 1.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Health and Safety Code - HSC Code § 39740.7. (2026).

Text

(a)The Natural Resources Agency shall track carbon removal and greenhouse gas emission reduction benefits derived from projects funded through the registry.

(b)Projects listed on the registry shall not create credits for the purposes of market-based compliance mechanisms developed or administered by the state board pursuant to the California Global Warming Solutions Act of 2006 (Division 25.5 (commencing with Section 38500)) and shall not be used by a state or private entity to offset a statutory or regulatory obligation to reduce emissions under the California Global Warming Solutions Act of 2006 (Division 25.5 (commencing with Section 38500)).

(c)If an entity funds less than the full project cost, or if several entities jointly fund a single project, the agency may assign project

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(a)
The Natural Resources Agency shall track carbon removal and greenhouse gas emission reduction benefits derived from projects funded through the registry.
(b)
Projects listed on the registry shall not create credits for the purposes of market-based compliance mechanisms developed or administered by the state board pursuant to the California Global Warming Solutions Act of 2006 (Division 25.5 (commencing with Section 38500)) and shall not be used by a state or private entity to offset a statutory or regulatory obligation to reduce emissions under the California Global Warming Solutions Act of 2006 (Division 25.5 (commencing with Section 38500)).
(c)
If an entity funds less than the full project cost, or if several entities jointly fund a single project, the agency may assign project
value proportionally across multiple project funders.