§ 79-6-1301 — Definitions for part.

As used in this part:
(1) "Digital identification number" means an identification number assigned to an environmental commodity by a governmental or accredited third-party verification entity that certifies or registers an environmental commodity for sale or exchange.
(2) (2)(a) "Environmental commodity" means a representation of the financial value of:
(2)(a)(i) a reduction in the amount of greenhouse gas present in the atmosphere; or
(2)(a)(ii) an amount of greenhouse gas prevented from entering the atmosphere.
(2)(b) "Environmental commodity" does not include a right or interest associated with a regulated pollutant, as that term is defined in Title V of the 1990 Clean Air Act.
(3) "Greenhouse gas" means carbon dioxide or methane.
(4) "State entity" means a department, commission, board, council, agency, institution of higher education, officer, corporation, fund, division, office, committee, authority, laboratory, library, unit, bureau, panel, or other administrative unit of the state.
(5) (5)(a) "State funds" means money appropriated by the Legislature.
(5)(b) "State funds" does not include money or financial benefit in the form of:
(5)(b)(i) a tax incentive;
(5)(b)(ii) a permit or an activity related to the development of a permit issued by a state entity; or
(5)(b)(iii) a federal grant administered by a state entity.

Legislative History

Enacted by Chapter 146, 2025 General Session; Enacted by Chapter 375, 2025 General Session