Section 145.61. NO x transfer recordation

(a) Within 5 business days of receiving a NO_x allowance transfer, except as provided in subsection (b), the NO_x Budget Administrator will record a NO_x allowance transfer by moving each NO_x allowance from the transferor account to the transferee account as specified by the request, if the following conditions are met (relating to submission of NO_x allowance transfers):

(1) The transfer is correctly submitted under § 145.60 (relating to submission of NO_x allowance transfers).

(2) The transferor account includes each NO_x allowance identified by serial number in the transfer.

(b) A NO_x allowance transfer that is submitted for recordation following the NO_x allowance transfer deadline and that includes any NO_x allowances allocated for a control period prior to or the same as the control period to which the NO_x allowance transfer deadline applies will not be recorded until after completion of the process of recordation of NO_x allowance allocations in § 145.53 (relating to recordation of NO_x allowance allocations) in the same year as the NO_x allowance transfer deadline.

(c) A NO_x allowance transfer submitted for recordation that fails to meet the requirements of subsection (a) will not be recorded.

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 § 145.50 (relating to NO_x Allowance Tracking System accounts); 25 Pa. Code § 145.54 (relating to compliance); 25 Pa. Code § 145.55 (relating to banking); 25 Pa. Code § 145.62 (relating to notification); and 25 Pa. Code § 145.81 (relating to opt-in source general provisions).