By: Chisum, Farrar H.B. No. 4346 Substitute the following for H.B. No. 4346: By: Burnam C.S.H.B. No. 4346 A BILL TO BE ENTITLED AN ACT relating to "no regrets" greenhouse gas emissions reduction strategies. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Chapter 2305, Government Code, is amended by adding Section 2305.201 to read as follows: Sec. 2305.201. STRATEGIES TO REDUCE EMISSIONS OF 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, 2010, the Comptroller of Public Accounts 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) shall result in net savings for consumers or businesses in this state; (2) can be achieved without financial cost to consumers or businesses in this state; or (3) help businesses in the state maintain global competitiveness. (c) In preparing the list of emission reduction strategies, the Comptroller of Public Accounts 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 Comptroller of Public Accounts shall consider the total net costs that may occur over the life of the strategy. (e) A report prepared under subsection (b) shall include the following information for each identified strategy: (1) initial, short-term capital costs that may result from the implementation of the strategy delineated by the costs to business, and the costs to consumers; and (2) lifetime costs and savings that may result from the implementation of the strategy delineated by the costs and savings to business and the costs and savings to consumers. (f) The Comptroller of Public Accounts shall appoint one or more advisory committees to assist the in identifying and evaluating greenhouse gas emission reduction strategies. At least one representative from the following agencies shall serve on the advisory committee or committees: (1) the Texas Railroad Commission; (2) the General Land Office; (3) the Texas Commission on Environmental Quality; (4) the Texas Department of Agriculture; and (5) a Texas Institution of Higher Education. (g) The Comptroller of Public Accounts may enter into an interagency agreement with the Texas Commission on Environmental Quality or other state agency for technical advice or assistance as necessary to complete the requirements of this subsection. SECTION 2. This Act takes effect September 1, 2009.