EPA recordation.

(a) Within 5 business days of receiving a NO X allowance transfer, except as provided in paragraph (b) of this section, the Administrator will record a NO X allowance transfer by moving each NO X allowance from the transferor account to the transferee account as specified by the request, provided that: (1) The transfer is correctly submitted under § 97.60; and (2) The transferor account includes each NO X allowance identified by serial number in the transfer. (b) A NO X allowance transfer that is submitted for recordation following the NO X allowance transfer deadline and that includes any NO X allowances allocated for a control period prior to or the same as the control period to which the NO X allowance transfer deadline applies will not be recorded until after the Administrator completes the recordation of NO X allowance allocations under § 97.53 for the control period in the fourth year after the control period to which the NO X allowance transfer deadline applies. (c) Where a NO X allowance transfer submitted for recordation fails to meet the requirements of paragraph (a) of this section, the Administrator will not record such transfer. [65 FR 2727, Jan. 18, 2000, as amended at 69 FR 21647, Apr. 21, 2004]