§ 60.706 - Reconstruction.

Latest version.

§ 60.706 Reconstruction.

(a) For purposes of this subpart “fixed capital cost of the new components,” as used in § 60.15, includes the fixed capital cost of all depreciable components which are or will be replaced pursuant to all continuous programs of component replacement which are commenced within any 2-year period following June 29, 1990. For purposes of this paragraph, “commenced” means that an owner or operator has undertaken a continuous program of component replacement or that an owner or operator has entered into a contractual obligation to undertake and complete, within a reasonable time, a continuous program of component replacement.

(b) [Reserved]

                    
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§ 60.706 - Reconstruction.

§ 60.706 Reconstruction.