Ariz. Admin. Code § R18-2-1207 - Registration of Emission Reduction Credits in Emissions Bank

A. Notice to Department. A certification authority other than the Department shall provide notice on the form prescribed by the Department of the following events related to emissions reduction credits:

1. Receipt of an application under R18-2-1203(A), R18-2-1204(A), or R18-2-1205(A);

2. Proposal to issue conditional credits;

3. Issuance of conditional credits;

4. Denial of an application for credits;

5. Issuance of certified credits; and

6. Revocation or reduction of credits.

B. Registration by Department.

1. The Department shall register pending credits in the emissions bank account for the owner or operator of the generator on:

a. Receipt of an application under R18-2-1203(A), R18-2-1204(A), or R18-2-1205(A); or

b. Receipt of notice under subsection (A)(1).

2. The Department shall register conditional credits in the emissions bank account for the owner or operator of the generator on:

a. Approval of the application under R18-2-1205(D); or

b. Receipt of notice under subsection (A)(3).

3. The Department shall register certified credits in the emissions bank account for the owner or operator of the generator on:

a. Issuance of certified credits under R18-2-1203(C)(2), R18-2-1204(B), or R18-2-1205(E)(3).

b. Receipt of notice under subsection (A)(5).

4. The Department shall adjust each account in which credits are deposited as necessary to reflect:

a. The denial of an application for credits under R18-2-1203(C)(1) or R18-2-1205(D)(1);

b. The Administrator's final action on a state implementation plan under R18-2-1205(E);

c. The revocation or reduction of credits by a permitting authority or an agency responsible for administering an offset-creation rule.

C. Notice of Reductions. If reductions in qualifying emissions represented by credits have not occurred by the time pending credits are registered, the generator shall provide notice to the Department and the certifying authority on the form prescribed by the Department within five days after the reductions are achieved.

D. Registration Information. For credits registered in the emissions bank, the Department shall include the following information:

1. The name and contact information of the account holder;

2. The name, location, and description of the generator;

3. The name, contact information, and location of the owner or operator of the generator;

4. For each pollutant covered by the credits, the amount and date or expected date of the reductions;

5. The status of the credits, including whether the reductions in qualifying emissions represented by the credits have occurred and whether their use has been approved under R18-2-1208(B)(2).

Notes

Ariz. Admin. Code § R18-2-1207

New Section made by final rulemaking at 8 A.A.R. 1815, effective March 18, 2002 (Supp. 02-1). Amended by final rulemaking at 25 A.A.R. 1433, effective 7/28/2019.