9VAC5-140-7250. Recordation of CO₂ allowance allocations

A. By January 1 of each calendar year, the department or its agent will record in the following accounts: 1. In each CO 2 budget source's allowance account, the CO 2 allowances allocated to those sources by the department prior to being auctioned; and 2. In each CO 2 budget source's compliance account, the allowances purchased at auction by CO 2 budget units at the source under 9VAC5-140-7210 A. B. Each year the department or its agent will record CO 2 allowances, as allocated to the unit under Article 5 ( 9VAC5-140-7190 et seq.) of this part, in the compliance account for the year after the last year for which CO 2 allowances were previously allocated to the compliance account. Each year, the department or its agent will also record CO 2 allowances, as allocated under Article 5 ( 9VAC5-140-7190 et seq.) of this part, in an allocation set-aside for the year after the last year for which CO 2 allowances were previously allocated to an allocation set-aside. C. Serial numbers for allocated CO 2 allowances shall be managed as follows. When allocating CO 2 allowances to and recording them in an account, the department or its agent will assign each CO 2 allowance a unique identification number that will include digits identifying the year for which the CO 2 allowance is allocated.