New Jersey Administrative Code
Title 7 - ENVIRONMENTAL PROTECTION
Chapter 27C - CO[2] BUDGET TRADING PROGRAM
Subchapter 11 - CO[2] ALLOWANCE AUCTIONS
Section 7:27C-11.13 - Award of CO[2] allowances to winning bidders
Universal Citation: NJ Admin Code 7:27C-11.13
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Following the approval of the results of a CO[2] allowance auction by the Department pursuant to N.J.A.C. 7:27C-11.12 and the settlement of financial transactions by a winning bidder, the Department will award CO[2] allowances to such winning bidder in a number equal to the number of CO[2] allowances represented in winning bids submitted by the bidder.
(b) The Department will allocate CO[2] allowances to the compliance account or general account identified in the qualification application of a winning bidder, in a number equal to the CO[2] allowances awarded to the bidder pursuant to (a) above.
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