California Code of Regulations
Title 17 - Public Health
Division 3 - Air Resources
Chapter 1 - Air Resources Board
Subchapter 10 - Climate Change
Article 5 - California Cap on Greenhouse Gas Emissions and Market-Based Compliance Mechanisms
Subarticle 11 - Trading and Banking
Section 95922 - Banking, Expiration, and Voluntary Retirement
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) Allowances Issued for a Current or Previous Compliance Period. A CA GHG allowance or an allowance issued by an approved GHG ETS pursuant to subarticle 12 may be held ("banked") by an entity registered pursuant to section 95830.
(b) Allowances Issued for a Future Compliance Period. A CA GHG Allowance or an allowance approved pursuant to subarticle 12 issued from an allowance budget year within a future compliance period may be held by an entity registered pursuant to section 95830.
(c) Expiration of Compliance Instruments. A California compliance instrument does not expire and is not retired in the tracking system until:
(d) Voluntary Retirement of Compliance Instruments.
1. New
section filed 12-13-2011; operative 1-1-2012 pursuant to Government Code
section
11343.4
(Register 2011, No. 50).
2. Amendment of subsection (d)(2) filed
6-26-2014; operative 7-1-2014 pursuant to Government Code section
11343.4(b)(3)
(Register 2014, No. 26).
3. Amendment of subsection (d)(2) and new
subsections (d)(2)(A)-(C) filed 9-18-2017; operative 10-1-2017 pursuant to
Government Code section
11343.4(b)(3)
(Register 2017, No. 38).
Note: Authority cited: Sections 38510, 38560, 38562, 38570, 38571, 38580, 39600 and 39601, Health and Safety Code. Reference: Sections 38530, 38560.5, 38564, 38565, 38570 and 39600, Health and Safety Code.