Section 530. Recordation of NO x allowance allocations

A. The administrator will record the NO_x allowances for 2004 for a NO_x Budget unit allocated under Article 5 (9VAC5-140-400 et seq.) of this part in the unit's compliance account, except for NO_x allowances under 9VAC5-140-40 B 4 b or 9VAC5-140-50 C 1, which will be recorded in the general account specified by the owners and operators of the unit. The administrator will also record the NO_x allowances allocated under 9VAC5-140-880 A 1 for each NO_x Budget opt-in source in its compliance account.

B. By August 1, 2002, the administrator will record the NO_x allowances for 2005 for a NO_x Budget unit allocated under Article 5 (9VAC5-140-400 et seq.) of this part in the unit's compliance account, except for NO_x allowances under 9VAC5-140-40 B 4 b or 9VAC5-140-50 C 1, which will be recorded in the general account specified by the owners and operators of the unit. The administrator will record NO_x allowances for 2005 for a NO_x Budget opt-in unit in the unit's compliance account as allocated under 9VAC5-140-880 A.

C. By May 1, 2003, the administrator will record the NO_x allowances for 2006 for a NO_x Budget unit allocated under Article 5 (9VAC5-140-400 et seq.) of this part in the unit's compliance account, except for NO_x allowances under 9VAC5-140-40 B 4 b or 9VAC5-140-50 C 1, which will be recorded in the general account specified by the owners and operators of the unit. The administrator will record NO_x allowances for 2006 for a NO_x Budget opt-in unit in the unit's compliance account as allocated under 9VAC5-140-880 A.

D. By May 1, 2004, the administrator will record the NO_x allowances for 2007 for a NO_x Budget unit allocated under Article 5 (9VAC5-140-400 et seq.) of this part in the unit's compliance account, except for NO_x allowances under 9VAC5-140-40 B 4 b or 9VAC5-140-50 C 1, which will be recorded in the general account specified by the owners and operators of the unit. The administrator will record NO_x allowances for 2007 for a NO_x Budget opt-in unit in the unit's compliance account as allocated under 9VAC5-140-880 A.

E. Each year starting with 2005, after the administrator has made all deductions from a NO_x Budget unit's compliance account and the overdraft account pursuant to 9VAC5-140-540 (except deductions pursuant to 9VAC5-140-540 D 2), the administrator will record:

1. NO_x allowances, in the compliance account, as allocated to the unit under Article 5 (9VAC5-140-400 et seq.) of this part for the third year after the year of the control period for which such deductions were or could have been made;

2. NO_x allowances, in the general account specified by the owners and operators of the unit, as allocated under 9VAC5-140-40 B 4 b or 9VAC5-140-50 C 1 for the third year after the year of the control period for which such deductions are or could have been made; and

3. NO_x allowances, in the compliance account, as allocated to the unit under 9VAC5-140-880 A.

F. When allocating NO_x allowances to and recording them in an account, the administrator will assign each NO_x allowance a unique identification number that will include digits identifying the year for which the NO_x allowance is allocated.

Historical Notes

Derived from Volume 18, Issue 20, eff. July 17, 2002.

Statutory Authority

§§ 10.1-1308 and 10.1-1322.3 of the Code of Virginia.