By: Chisum H.B. No. 4346 A BILL TO BE ENTITLED AN ACT relating to "no regrets" greenhouse gas emission reduction strategies. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter B, Chapter 382, Health and Safety Code, is amended by adding Section 382.0174 to read as follows: Sec. 382.0174. EMISSION REDUCTION STRATEGIES FOR GREENHOUSE GASES. (a) In this section, "greenhouse gas" includes carbon dioxide, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons, and sulfur hexafluoride. (b) Not later than December 31, 2009, the commission shall prepare and deliver to each member of the legislature a report including a list of strategies for reducing emissions of greenhouse gases in this state that: (1) may result in net savings for consumers or businesses in this state; or (2) can be achieved without financial cost to consumers or businesses in this state. (c) In preparing the list of emission reduction strategies, the commission shall consider the strategies for reducing the emissions of greenhouse gases that have been implemented in other states or nations. (d) In determining under Subsection (b) whether an emission reduction strategy may result in a financial cost to consumers or businesses in this state, the commission shall consider the total net costs that may occur over the life of the strategy, as opposed to the short-term capital costs that may result from the implementation of the strategy. (e) The commission may appoint advisory committees to assist the commission in identifying and evaluating greenhouse gas emission reduction strategies. SECTION 2. This Act takes effect September 1, 2009.