11 Miss. Code. R. 2-2.16 - Permit Transfer
A. "Transfer" shall
mean any sale, conveyance, or assignment of the rights held by the applicant in
any permit issued pursuant to these Regulations which meets the conditions of
both (1) and (2) below:
(1) There is a change
of more than 50 percent of the equity ownership of the permit holder over a
sustained period which results in a new majority owner. A new majority owner
for purposes of this provision shall be an individual, partnership, company, or
group of affiliated companies.
(2)
The change in the ultimate ownership of the permit holder involves the parent,
grandparent, or great-grandparent company.
B. A permit issued pursuant to these
Regulations shall not be transferred except upon approval of the Permit
Board.
C. When requested by the
Permit Board, an applicant for transfer approval shall submit information to
demonstrate that it has the financial resources, operational expertise and
environmental compliance history over the last five years to ensure compliance
with the terms and conditions of the permit to be transferred except where this
conflicts with State Law.
D. The
application for approval of the transfer may be combined with an early
application for permit renewal.
Notes
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