- (a) An allowance shall be a marketable emissions authorization that can be bought, sold, or traded at any time during any year, not just the current year.
- (b) An allowance shall not be a property right or create a property right for any person.
- (c) Future allocations shall not be a property right or create a property right for any person
- (d) No allowance or future allocation shall constitute a security or other form of property.
Source. #7888, eff 5-13-03; ss by #9908, INTERIM, eff 5-13-11, EXPIRES: 11-9-11; ss by #10002, eff 10-1-11; ss by #12995, eff 2-25-20