N.Y. Comp. Codes R. & Regs. Tit. 6 §§ 242-7.2
Current through Register Vol. 46, No. 45, November 2, 2024
Section 242-7.2 - Recordation(a) Within five business days of receiving a CO2 allowance transfer, except as provided in subdivision (b) of this section, the department or its agent will record a CO2 allowance transfer by moving each CO2 allowance from the transferor account to the transferee account as specified by the request, provided that: (1) the transfer is correctly submitted under section 242-7.1 of this Subpart; and(2) the transferor account includes each CO2 allowance identified by serial number in the transfer.(b) A CO2 allowance transfer into or out of a compliance account that is submitted for recordation following the CO2 allowance transfer deadline and that includes any CO2 allowances that are of allocation years that fall within a control period or interim control period prior to or the same as the control period or interim control period to which the CO2 allowance transfer deadline applies will not be recorded until after completion of the process pursuant to section 242-6.5 of this Part.(c) Where a CO2 allowance transfer submitted for recordation fails to meet the requirements of subdivision (a) of this section, the department or its agent will not record such transfer.N.Y. Comp. Codes R. & Regs. Tit. 6 §§ 242-7.2
Amended New York State Register December 16, 2020/Volume XLII, Issue 50, eff. 12/31/2020