Oregon § 468A.820 Community emission reduction credit banks; establishment; rules; credits

Oregon Statutes

§ 468A.820 — Community emission reduction credit banks; establishment; rules; credits

Oregon § 468A.820

Vol.13

Title 36AHousing; Lottery and Games; Environment

Ch. 468AAir Quality

This text of Oregon § 468A.820 (Community emission reduction credit banks; establishment; rules; credits) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 468A.820 (2026).

Text

(1)The Department of Environmental Quality shall establish a community emission reduction credit bank upon written request to the department by the appropriate board or boards of county commissioners.

(2)The community emission reduction credit bank shall be governed by rules adopted by the Environmental Quality Commission. The validity of emission reduction credits shall be determined by rule. The rules shall include, but need not be limited to, the following:

(a)Valid emission reduction credits created or banked within two years from the time of actual emission reduction may be transferred to the community bank for up to 10 years. The 10-year period shall begin at the time of actual emission reduction.

(b)The department shall transfer valid emission reduction credits to the community

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(1) The Department of Environmental Quality shall establish a community emission reduction credit bank upon written request to the department by the appropriate board or boards of county commissioners.
(2) The community emission reduction credit bank shall be governed by rules adopted by the Environmental Quality Commission. The validity of emission reduction credits shall be determined by rule. The rules shall include, but need not be limited to, the following:
(a) Valid emission reduction credits created or banked within two years from the time of actual emission reduction may be transferred to the community bank for up to 10 years. The 10-year period shall begin at the time of actual emission reduction.
(b) The department shall transfer valid emission reduction credits to the community bank upon written application from the holder of the credits.
(c) The department may not discount credits banked under this section during any 10-year period unless the commission finds it necessary to discount the credits to attain or maintain air quality standards.
(3) The community emission reduction credit bank shall be administered by the appropriate board or boards of county commissioners, in coordination with the department.