6 CRR-NY 242-6.8NY-CRR

OFFICIAL COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 6. DEPARTMENT OF ENVIRONMENTAL CONSERVATION
CHAPTER III. AIR RESOURCES
SUBCHAPTER A. PREVENTION AND CONTROL OF AIR CONTAMINATION AND AIR POLLUTION
PART 242. CO2 BUDGET TRADING PROGRAM
SUBPART 242-6. CO2 ALLOWANCE TRACKING SYSTEM
6 CRR-NY 242-6.8
6 CRR-NY 242-6.8
242-6.8 Closing of general accounts.
(a) A CO2 authorized account representative of a general account may instruct the department or its agent to close the account by submitting a statement requesting deletion of the account from the CO2 allowance tracking system and by correctly submitting for recordation under section 242-7.1 of this Part a CO2 allowance transfer of all CO2 allowances in the account to one or more other CO2 allowance tracking system accounts.
(b) If a general account shows no activity for a period of six years or more and does not contain any CO2 allowances, the department or its agent may notify the CO2 authorized account representative for the account that the account will be closed in the CO2 allowance tracking system 20 business days after the notice is sent. The account will be closed after the 20-day period unless, before the end of the 20-day period, the department or its agent receives a correctly submitted transfer of CO2 allowances into the account under section 242-7.1 of this Part or a statement submitted by the CO2 authorized account representative demonstrating to the satisfaction of the department or its agent good cause as to why the account should not be closed. The department or its agent will have sole discretion to determine if the owner or operator of the unit demonstrated that the account should not be closed.
6 CRR-NY 242-6.8
Current through February 28, 2019
End of Document© 2019 Thomson Reuters. No claim to original U.S. Government Works.