N.J. Admin. Code § 7:27C-7.2

Current through Register Vol. 56, No. 23, December 2, 2024

Section 7:27C-7.2 - Recording of CO[2] allowance transfer

(a) Within five business days of receiving a CO[2] allowance transfer, except as provided at (b) below, the Department will record a CO[2] allowance transfer by moving each CO[2] allowance from the transferor account to the transferee account as specified by the request, provided that:

1. The transfer is submitted in accordance with N.J.A.C. 7:27C-7.1; and

2. The transferor account includes each CO[2] allowance identified by serial number in the transfer.

(b) The Department will not record a CO[2] allowance transfer into or out of a compliance account that is submitted for recording after the CO[2] allowance transfer deadline that includes any CO[2] allowances of allocation years falling within a control period, initial control period, or interim control period prior to or the same as the control period, initial control period, or interim control period to which the CO[2] allowance transfer deadline applies until after completion of the process at N.J.A.C. 7:27C-6.9(b).

(c) The Department will not record a CO[2] allowance transfer submitted for recording that fails to meet the requirements of (a)1 and 2 above.

N.J. Admin. Code § 7:27C-7.2

Adopted by 51 N.J.R. 992(a), effective 6/17/2019