(a) Notwithstanding Section 43830.8, blends of gasoline containing 10.5 percent to 15 percent ethanol by volume may be sold in the state for use as a transportation fuel until both of the following occur:

1. (1) The California Environmental Policy Council completes its review and publicly posts its findings of the multimedia evaluation for blends of gasoline containing 10.5 percent to 15 percent ethanol by volume required pursuant to Section 43830.8.

2. (2) The state board does either of the following:

   1. (A) Adopts a regulation establishing a specification for blends of gasoline containing 10.5 percent to 15 percent ethanol by volume.
   2. (B) Posts an assessment on its internet website demonstrating that it is not possible for a proposed regulation establishing a specification for blends of gasoline containing 10.5 percent to 15 percent ethanol by volume to meet the requirements of subdivision (f) of Section 43830.8.