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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 40 - Protection of Environment |
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Chapter I - Environmental Protection Agency |
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SubChapter C - Air Programs |
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Part 96 - NOX Budget Trading Program and CAIR NOX and SO2 Trading Programs for State Implementation Plans |
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Subpart G - NOX Allowance Transfers |
§ 96.62 - Notification.
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§ 96.62 Notification.
(a) Notification of recordation. Within 5 business days of recordation of a NOX allowance transfer under § 96.61, the Administrator will notify each party to the transfer. Notice will be given to the NOX authorized account representatives of both the transferror and transferee accounts.
(b) Notification of non-recordation. Within 10 business days of receipt of a NOX allowance transfer that fails to meet the requirements of § 96.61(a), the Administrator will notify the NOX 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 NOX allowance transfer for recordation following notification of non-recordation.