§ 97.62 - Notification.

§ 97.62 Notification.

(a) Notification of recordation. Within 5 business days of recordation of a NO_X allowance transfer under § 97.61, the Administrator will notify the NO_X authorized account representatives of both the transferor and transferee accounts.

(b) Notification of non-recordation. Within 10 business days of receipt of a NO_X allowance transfer that fails to meet the requirements of § 97.61(a), the Administrator will notify the NO_X authorized account representatives of both accounts subject to the transfer of:

(1) A decision not to record the transfer; and

(2) The reasons for such non-recordation.

(c) Nothing in this section shall preclude the submission of a NO_X allowance transfer for recordation following notification of non-recordation.