Nev. Admin. Code § 445B.3871 - Transfer

Current through October 13, 2021

1. An emission reduction credit may be transferred in whole or in part.
2. A request for the transfer of an emission reduction credit shall be limited to two parties.
3. The emission reduction credit summary report signed by the Director is the sole proof of ownership of an emission reduction credit. The emission reduction credit summary report must be dated and each new emission reduction credit summary report supersedes all previous versions of the report. An emission reduction credit summary report must reflect the balance of all emission reduction credit transactions contained in the registry for the owner of the emission reduction credit.
4. Only the owner of an emission reduction credit, as indicated on the emission reduction credit summary report, may deposit, withdraw, redeem or transfer the emission reduction credit.
5. To request a transfer of an emission reduction credit to another party, the owner of the emission reduction credit must submit to the Director a transfer request on a form provided by the Director accompanied by the transfer request fee required by NAC 445B.327. The transfer request must:
(a) Be signed and dated by the owner of the emission reduction credit and the transferee;
(b) Contain the name, address, city, state, zip code and telephone number of the owner of the emission reduction credit;
(c) Contain the name, address, city, state, zip code and telephone number of the transferee;
(d) Specify the amount in tons per year of emission reduction credits being transferred for each air pollutant specified in subsection 2 of section 13 of this regulation;
(e) Identify the project associated with the origin of the emission reduction credit being transferred as specified in the final determination to issue the emission reduction credit; and
(f) If applicable, include the new or modified permit application where the emission reduction credit will be applied.
6. The Director will review the transfer request and make a determination whether to approve or deny the transfer. In making the determination, the Director will consider whether the intended use of the emission reduction credit conforms to section 14 of this regulation.
7. The transfer of an emission reduction credit that is banked becomes effective on the date on which the transfer is recorded in the registry. After an emission reduction credit is transferred pursuant to this section, the Director will provide an emission reduction credit summary report signed by him or her to both parties.

Notes

Nev. Admin. Code § 445B.3871
Added to NAC by Environmental Comm'n by R054-15, eff. 10-27-2015

NRS 445B.210, 445B.300

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