(Reduction in reporting deadline for emissions events and requirements for fees for emissions events in nonattainment areas and plans to ensure health of school children within two miles of a federal source)

Requires the initial notification of an emissions event to be not later that one hour after discovery.

Requires an owner or operator of a regulated entity in a nonattainment area whose emissions events result in the emission of more than 10,000 pounds of air contaminants in a year to pay to the commission a fee in an amount equal to $1 for each pound of air contaminants that the entity emitted during those emissions events in excess of 10,000 pounds.Provides that an affirmative defense for an emissions event does not exempt the emissions from the fee.

Provides that the fees are to be deposited to the credit of the school air monitoring account in the general revenue fund that may be appropriated only to the Texas Commission on Environmental Quality and used only to implement a plan adopted by rule to ensure that the air quality of a school located not more than two miles from a federal source does not threaten the health of the children at the school at any time, including during an emissions event.Requires the installation of air quality monitors either at the school or at the federal source.