New Jersey Administrative Code
Title 7 - ENVIRONMENTAL PROTECTION
Chapter 27C - CO[2] BUDGET TRADING PROGRAM
Subchapter 7 - CO[2] ALLOWANCE TRANSFERS
Section 7:27C-7.3 - Notification

Universal Citation: NJ Admin Code 7:27C-7.3

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

(a) Within five business days of recording of a CO[2] allowance transfer under N.J.A.C. 7:27C-7.2, the Department will notify each party to the transfer by giving notice to the CO[2] authorized account representatives of both the transferor and transferee accounts.

(b) Within 10 business days of receipt of a CO[2] allowance transfer that fails to meet the requirements of N.J.A.C. 7:27C-7.2(a), the Department will notify the CO[2] authorized account representatives of both accounts subject to the transfer of a decision not to record the transfer and the reasons that the CO[2] allowances will not be recorded.

(c) Nothing in this section shall preclude the submission of a CO[2] allowance transfer for recording following notification under (b) above.

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