§ 97.62 - Notification.


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  • § 97.62 Notification.

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