Ala. Admin. Code r. 281-6-1-.05

Current through Register Vol. 43, No. 1, October 31, 2024

Section 281-6-1-.05 - Allocations Of Port Credits

(a) Port credit allocations are awarded by the Commission pursuant to procedures adopted by the Commission.

(b) Awards of port credit allocations by the Commission are conditional. Credits are earned based upon actual cargo volume transiting the applicable port facility during the port credit incentive period and subsequent certification of actual cargo volume, all in compliance with the Act and these regulations. Once earned, port credits may be carried forward to future years as provided in the Act. Unearned port credits revert to the State.

(c) A port facility user which is awarded port credits pursuant to the Act shall not be entitled to claim more port credits than are approved by the Commission for that port facility user.

Ala. Admin. Code r. 281-6-1-.05

Adopted by Alabama Administrative Monthly Volume XXXV, Issue No. 05, February 28, 2017, eff. 3/19/2017.

Amended by Alabama Administrative Monthly Volume XXXV, Issue No. 10, July 31, 2017, eff. 9/1/2017.

Author: Department of Commerce

Statutory Authority:Code of Ala. 1975, §§ 40-18-401, 40-18-402(1), 40-18-403.