Following the recordation, in accordance with Env-A 4608.02, of CO2 allowance transfers submitted for recordation in the CO2 budget source’s compliance account by the CO2 allowance transfer deadline for a control period or an interim control period, the department shall direct the regional organization to deduct CO2 allowances available under Env-A 4605.04 equal to the source’s CO2 emissions in tons, as determined in accordance with Env-A 4609 for the control period, until either:

1. (a) The amount of CO2 allowances deducted equals the number of tons of total CO2 emissions, or 0.50 times the number of tons of total CO2 emissions for an interim control period, less any CO2 emissions attributable to the burning of eligible biomass, determined in accordance with Env-A 4609, from all CO2 budget units at the CO2 budget source for the control period or interim control period; or
2. (b) No more CO2 allowances as specified in Env-A 4605.04 remain in the compliance account, if there are insufficient CO2 allowances to complete the deductions pursuant to (a), above.

Source. #9283, INTERIM, eff 10-1-08, EXPIRED: 3-30-09 New. #9444, eff 4-3-09; ss by #10468, eff 1-1-14; ss by #12967, eff 1-1-20