Section 145.55. Banking

NO_x allowances may be banked for future use or transfer in a compliance account, an overdraft account or a general account, as follows:

(1) A NO_x allowance that is held in a compliance account, an overdraft account or a general account will remain in the account until the NO_x allowance is deducted or transferred under § 145.31, § 145.54, § 145.56, § § 145.60—145.62 or § § 145.80—145.88.

(2) The NO_x Budget Administrator will designate, as a ‘‘banked’’ NO_x allowance, a NO_x allowance that remains in a compliance account, an overdraft account or a general account after deductions have been made for a given control period from the compliance account or overdraft account under § 145.54 (relating to compliance) (except deductions under § 145.54(d)(2)) and that were allocated for that control period or a control period in a prior year).

Notation

Cross References

This section cited in 25 Pa. Code § 145.4 (relating to applicability); 25 Pa. Code § 145.5 (relating to retired unit exemption); 25 Pa. Code § 145.43 (relating to compliance supplement pool); 25 Pa. Code § 145.54 (relating to compliance); and 25 Pa. Code § 145.81 (relating to opt-in source general provisions).