40 CFR 97.53 - Recordation of NO
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Title 40: Protection of Environment
CHAPTER I: ENVIRONMENTAL PROTECTION AGENCY (CONTINUED)
SUBCHAPTER C: AIR PROGRAMS (CONTINUED)
PART 97: FEDERAL NOX BUDGET TRADING PROGRAM AND CAIR NOX AND SO2 TRADING PROGRAMS
Subpart F: NOX Allowance Tracking System
97.53 - Recordation of NOX allowance allocations.
(a) The Administrator will record the NOX allowances for 2004 for a NOX Budget unit allocated under subpart E of this part in the unit's compliance account, except for NOX allowances under ? 97.4(b)(4)(ii) or ? 97.5(c)(2), which will be recorded in the general account specified by the owners and operators of the unit. The Administrator will record NOX allowances for 2004 for a NOX Budget opt-in unit in the unit's compliance account as allocated under ? 97.88(a).
(b) By May 1, 2003, the Administrator will record the NOX allowances for 2005 for a NOX Budget unit allocated under subpart E of this part in the unit's compliance account, except for NOX allowances under ? 97.4(b)(4)(ii) or ? 97.5(c)(2), which will be recorded in the general account specified by the owners and operators of the unit. The Administrator will record NOX allowances for 2005 for a NOX Budget opt-in unit in the unit's compliance account as allocated under ? 97.88(a).
(c) By May 1, 2003, the Administrator will record the NOX allowances for 2006 for a NOX Budget unit allocated under subpart E of this part in the unit's compliance account, except for NOX allowances under ? 97.4(b)(4)(ii) or ? 97.5(c)(2), which will be recorded in the general account specified by the owners and operators of the unit. The Administrator will record NOX allowances for 2006 for a NOX Budget opt-in unit in the unit's compliance account as allocated under ? 97.88(a).
(d) By May 1, 2004, the Administrator will record the NOX allowances for 2007 for a NOX Budget unit allocated under subpart E of this part in the unit's compliance account, except for NOX allowances under ? 97.4(b)(4)(ii) or ? 97.5(c)(2), which will be recorded in the general account specified by the owners and operators of the unit. The Administrator will record NOX allowances for 2007 for a NOX Budget opt-in unit in the unit's compliance account as allocated under ? 97.88(a).
(e) Each year starting with 2005, after the Administrator has made all deductions from a NOX Budget unit's compliance account and the overdraft account pursuant to ? 97.54 (except deductions pursuant to ? 97.54(d)(2)), the Administrator will record:
(1) NOX allowances, in the compliance account, as allocated to the unit under subpart E of this part for the third year after the year of the control period for which such deductions were or could have been made;
(2) NOX allowances, in the general account specified by the owners and operators of the unit, as allocated under ? 97.4(b)(4)(ii) or ? 97.5(c)(2) for the third year after the year of the control period for which such deductions are or could have been made; and
(3) NOX allowances, in the compliance account, as allocated to the unit under ? 97.88(a).
(f) Serial numbers for allocated NO
X
allowances. When allocating NOX allowances to a NOX Budget unit and recording them in an account, the Administrator will assign each NOX allowance a unique identification number that will include digits identifying the year for which the NOX allowance is allocated.
[65 FR 2727, Jan. 18, 2000, as amended at 67 FR 21530, Apr. 30, 2002]
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