N.J. Admin. Code § 7:27C-7.3

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

Section 7:27C-7.3 - Notification

(a) Within five business days of recording of a CO[2] allowance transfer under N.J.A.C. 7:27C-7.2, the Department will notify each party to the transfer by giving notice to the CO[2] authorized account representatives of both the transferor and transferee accounts.

(b) Within 10 business days of receipt of a CO[2] allowance transfer that fails to meet the requirements of N.J.A.C. 7:27C-7.2(a), the Department will notify the CO[2] authorized account representatives of both accounts subject to the transfer of a decision not to record the transfer and the reasons that the CO[2] allowances will not be recorded.

(c) Nothing in this section shall preclude the submission of a CO[2] allowance transfer for recording following notification under (b) above.

N.J. Admin. Code § 7:27C-7.3

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