By: Ashby H.B. No. 4018
A BILL TO BE ENTITLED
AN ACT
relating to Texas Parks and Wildlife Department management of
state-owned lands under their jurisdiction in developing and
securing carbon credits and dedication of generated funds for the
conservation of those lands.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 12.026, Title 2, Chapter 12 Texas
Natural Resources Code, is amended to read as follows:
Multiple Use of Land: "a tract of land purchased primarily
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
in a specific fund and used solely for conservation of those lands
generating carbon credits.
SECTION 2. Section 11.032(b), Title 2. Parks and Wildlife.
Chapter 11. Parks and Wildlife Department, Subchapter C, is amended
to read as follows:
The department shall deposit to the credit of the game, fish,
and water safety account all revenue, less allowable costs, from
the following sources:
(25) revenue generated through carbon sequestration
SECTION 3. Section 12.026, Title 2. Parks and Wildlife.
Chapter 11. Parks and Wildlife Department, Subchapter F, is amended
to read as follows:
Multiple Use of Land: "a tract of land purchased primarily
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
in a specific fund and used solely for conservation of those lands
generating carbon credits.
SECTION 4. This Act takes effect September 1, 2023.