§ 145.61. NOx transfer recordation.
(a) Within 5 business days of receiving a NOx allowance transfer, except as provided in subsection (b), the NOx Budget Administrator will record a NOx allowance transfer by moving each NOx allowance from the transferor account to the transferee account as specified by the request, if the following conditions are met (relating to submission of NOx allowance transfers):
(1) The transfer is correctly submitted under § 145.60 (relating to submission of NOx allowance transfers).
(2) The transferor account includes each NOx allowance identified by serial number in the transfer.
(b) A NOx allowance transfer that is submitted for recordation following the NOx allowance transfer deadline and that includes any NOx allowances allocated for a control period prior to or the same as the control period to which the NOx allowance transfer deadline applies will not be recorded until after completion of the process of recordation of NOx allowance allocations in § 145.53 (relating to recordation of NOx allowance allocations) in the same year as the NOx allowance transfer deadline.
(c) A NOx allowance transfer submitted for recordation that fails to meet the requirements of subsection (a) will not be recorded.
Cross References This section cited in 25 Pa. Code § 145.4 (relating to applicability); 25 Pa. Code § 145.5 (relating to retired unit exemption); 25 Pa. Code § 145.50 (relating to NOx Allowance Tracking System accounts); 25 Pa. Code § 145.54 (relating to compliance); 25 Pa. Code § 145.55 (relating to banking); 25 Pa. Code § 145.62 (relating to notification); and 25 Pa. Code § 145.81 (relating to opt-in source general provisions).
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