Section 26:2C-56 - Action plan for ratepayer relief, certain circumstancesa. If the price of allowances at two consecutive regional auctions in which the State of New Jersey is a participant exceeds $7 per allowance, the department and the board shall, within 90 days after the second auction, develop an action plan for immediate ratepayer relief and hold a joint public hearing or hearings regarding the allowance price.b. No later than 90 days after the final hearing is held, the department and the board shall jointly issue a report to the Governor and the Legislature, pursuant to section 2 of P.L. 1991, c.164 (C.52:14-19.1), with their findings and recommendations.Added by L. 2007, c. 340,s. 14, eff. 1/13/2008.