Nev. Admin. Code § 445B.386 - Retirement of or moratorium on issuance or use; notice
Current through October 13, 2021
NRS 445B.210, 445B.300
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NAC 445B.386 Retirement of or moratorium on issuance or use; notice. (NRS 445B.210, 445B.300)
1. The Director shall have the authority to retire an emission reduction credit that is banked or impose a temporary or permanent moratorium on the issuance or use of emission reduction credits:
(a) To prevent an exceedance of the national ambient air quality standards;
(b) To establish baseline emissions or future emission projections for a state implementation plan or maintenance plan;
(c) To ensure reasonable further progress of the state implementation plan; or
(d) To control air quality within an airshed or nonattainment area.
2. The Director shall notify each owner of an emission reduction credit affected by any action pursuant to subsection 1 at least 7 days before the action takes effect. The notification must include:
(a) A description of the action;
(b) A summary of the justification for the action;
(c) For each specific pollutant, a summary of the ownership and amount of emission reduction credits being retired, if applicable; and
(d) The duration of a temporary moratorium, if applicable.
(Added to NAC by Environmental Comm’n by R054-15, eff. 10-27-2015)