§ 145.362. Recordation.
(a) Within 5 business days of receiving a CO2 allowance transfer, except as provided in subsection (b), the Department or its agent will record a CO2 allowance transfer by moving each CO2 allowance from the account of the transferor to the account of the transferee as specified by the request, if the following are met:
(1) The transfer is correctly submitted under § 145.361 (relating to submission of CO2 allowance transfers).
(2) The account of the transferor includes each CO2 allowance identified by serial number in the transfer.
(b) A CO2 allowance transfer into or out of a compliance account that is submitted for recordation following the CO2 allowance transfer deadline and that includes any CO2 allowance allocated for a control period or interim control period prior to or the same as the control period or interim control period to which the CO2 allowance transfer deadline applies will not be recorded until after completion of the process in § 145.355(b) (relating to compliance).
(c) A CO2 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 § 145.306 (relating to standard requirements); 25 Pa. Code § 145.351 (relating to CO2 Allowance Tracking System (COATS) accounts); 25 Pa. Code § 145.355 (relating to compliance); 25 Pa. Code § 145.356 (relating to banking); and 25 Pa. Code § 145.363 (relating to notification).
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