New Jersey Administrative Code
Title 7 - ENVIRONMENTAL PROTECTION
Chapter 27C - CO[2] BUDGET TRADING PROGRAM
Subchapter 7 - CO[2] ALLOWANCE TRANSFERS
Section 7:27C-7.2 - Recording of CO[2] allowance transfer

Universal Citation: NJ Admin Code 7:27C-7.2

Current through Register Vol. 56, No. 18, September 16, 2024

(a) Within five business days of receiving a CO[2] allowance transfer, except as provided at (b) below, the Department will record a CO[2] allowance transfer by moving each CO[2] allowance from the transferor account to the transferee account as specified by the request, provided that:

1. The transfer is submitted in accordance with N.J.A.C. 7:27C-7.1; and

2. The transferor account includes each CO[2] allowance identified by serial number in the transfer.

(b) The Department will not record a CO[2] allowance transfer into or out of a compliance account that is submitted for recording after the CO[2] allowance transfer deadline that includes any CO[2] allowances of allocation years falling within a control period, initial control period, or interim control period prior to or the same as the control period, initial control period, or interim control period to which the CO[2] allowance transfer deadline applies until after completion of the process at N.J.A.C. 7:27C-6.9(b).

(c) The Department will not record a CO[2] allowance transfer submitted for recording that fails to meet the requirements of (a)1 and 2 above.

Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.