La. Admin. Code tit. 33 § III-619

Current through Register Vol. 50, No. 5, May 20, 2024

Section III-619 - Emission Reduction Credit Bank

A. The department shall maintain a banking database that shall consist of a record of all information concerning applications, deposits, withdrawals, and transactions, as well as pertinent date(s) concerning such information. All data in the banking database shall be available to the public upon request.

B. ERC Certificates. Certificates shall be issued for approved ERCs. A record of each ERC certificate issued shall be retained by the department. Each ERC certificate shall, at minimum:

1. bear the date of issuance;

2. be signed by the permitting authority;

3. include the owner(s)' name(s) and address(es);

4. state the name or description of the eligible source from which the emission reduction occurred;

5. indicate the method of ERC creation;

6. show the quantity of the ERC and type of pollutant; and

7. show when the emission reduction occurred.

C. Multiple ERC Certificates and Multiple Ownership. Single or multiple ERC certificates may be issued for a particular emission reduction project. At the owner(s)' request, multiple ERC certificates shall be issued for each owner's proportional share.

La. Admin. Code tit. 33, § III-619

Promulgated by the Department of Environmental Quality, Office of Air Quality and Radiation Protection, Air Quality Division, LR 20:879 (August 1994), amended by the Office of Environmental Assessment, Environmental Planning Division, LR 26:2449 (November 2000), LR 28:305 (February 2002), amended by the Office of the Secretary, Legal Division, LR 38:2767 (November 2012), Amended by the Office of the Secretary, Legal Division, LR 43930 (5/1/2017).

AUTHORITY NOTE: Promulgated in accordance with R.S. 30:2054.