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A BILL TO BE ENTITLED
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AN ACT
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relating to Texas Parks and Wildlife Department management of |
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state-owned lands under their jurisdiction in developing and |
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securing carbon credits and dedication of generated funds for the |
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conservation of those lands. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 12.026, Title 2, Chapter 12 Texas |
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Natural Resources Code, is amended to read as follows: |
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Multiple Use of Land: "a tract of land purchased primarily |
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for a purpose authorized by this code may be used for any authorized |
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function of the department if the commission determines that |
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multiple use is the best utilization of the land's resources, |
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including agreements with private entities for the purposes of |
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carbon sequestration using nature-based solutions on lands under |
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the department's jurisdiction. Funds generated shall be deposited |
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in a specific fund and used solely for conservation of those lands |
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generating carbon credits. |
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SECTION 2. Section 11.032(b), Title 2. Parks and Wildlife. |
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Chapter 11. Parks and Wildlife Department, Subchapter C, is amended |
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to read as follows: |
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The department shall deposit to the credit of the game, fish, |
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and water safety account all revenue, less allowable costs, from |
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the following sources: |
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(25) revenue generated through carbon sequestration |
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SECTION 3. Section 12.026, Title 2. Parks and Wildlife. |
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Chapter 11. Parks and Wildlife Department, Subchapter F, is amended |
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to read as follows: |
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Multiple Use of Land: "a tract of land purchased primarily |
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for a purpose authorized by this code may be used for any authorized |
|
|
function of the department if the commission determines that |
|
|
multiple use is the best utilization of the land's resources, |
|
|
including agreements with private entities for the purposes of |
|
|
carbon sequestration using nature-based solutions on lands under |
|
|
the department's jurisdiction. Funds generated shall be deposited |
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|
in a specific fund and used solely for conservation of those lands |
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|
generating carbon credits. |
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SECTION 4. This Act takes effect September 1, 2023. |