Current through Register Vol. 54, No. 25, June 22, 2024
Section 145.363 - Notification(a)Notification of recordation. Within 5 business days of recordation of a CO2 allowance transfer under § 145.362 (relating to recordation), the Department or its agent will notify each party to the transfer. Notice will be given to the CO2 authorized account representative of the account of the transferor and the CO2 authorized account representative of the account of the transferee.(b)Notification of non-recordation. Within 10 business days of receipt of a CO2 allowance transfer that fails to meet the requirements of § 145.362(a), the Department or its agent will notify the CO2 authorized account representative of the account of the transferor and the CO2 authorized account representative of the account of the transferee of the following:(1) A decision not to record the transfer.(2) The reasons for the non-recordation.(c)Resubmission. Nothing in this section precludes the resubmission of a CO2 allowance transfer for recordation following notification under subsection (b). This section cited in 25 Pa. Code § 145.306 (relating to standard requirements); 25 Pa. Code § 145.351 (relating to CO2 Allowance Tracking System (COATS) accounts); and 25 Pa. Code § 145.356 (relating to banking).