New Jersey Administrative Code
Title 7 - ENVIRONMENTAL PROTECTION
Chapter 27C - CO[2] BUDGET TRADING PROGRAM
Subchapter 11 - CO[2] ALLOWANCE AUCTIONS
Section 7:27C-11.11 - Bid submittal requirements
Universal Citation: NJ Admin Code 7:27C-11.11
Current through Register Vol. 56, No. 18, September 16, 2024
(a) All bids shall be submitted in a form and manner prescribed by the Department, which the Department will make available on the CO[2] allowance auction website, as appropriate.
(b) A bidder shall not use or employ any manipulative, misleading, or deceptive practice in connection with its prequalification application or purchase of allowances from the Department, including, but not limited to, any practice that contravenes or violates any applicable Federal or participating state law, rules, or regulation.
(c) A bid submitted at a CO[2] allowance auction is a binding offer for the purchase of CO[2] allowances.
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