§ 60.481 Definitions.
As used in this subpart, all terms not defined herein shall have the meaning given them in the Act or in subpart A of part 60, and the following terms shall have the specific meanings given them.
Capital expenditure means, in addition to the definition in 40 CFR 60.2, an expenditure for a physical or operational change to an existing facility that:
(a) Exceeds P, the product of the facility's replacement cost, R, and an adjusted annual asset guideline repair allowance, A, as reflected by the following equation: P = R × A, where
(1) The adjusted annual asset guideline repair allowance, A, is the product of the percent of the replacement cost, Y, and the applicable basic annual asset guideline repair allowance, B, divided by 100 as reflected by the following equation:
(2) The percent Y is determined from the following equation: Y = 1.0 − 0.575 log X, where X is 1982 minus the year of construction; and
(3) The applicable basic annual asset guideline repair allowance, B, is selected from the following table consistent with the applicable subpart:
Table for Determining Applicable Value for B
| Subpart applicable to facility | Value of B to be used in equation |
|---|---|
| VV | 12.5 |
| DDD | 12.5 |
| GGG | 7.0 |
| KKK | 4.5 |
Closed-loop system means an enclosed system that returns process fluid to the process.
Closed-purge system means a system or combination of systems and portable containers to capture purged liquids. Containers for purged liquids must be covered or closed when not being filled or emptied.
Closed vent system means a system that is not open to the atmosphere and that is composed of hard-piping, ductwork, connections, and, if necessary, flow-inducing devices that transport gas or vapor from a piece or pieces of equipment to a control device or back to a process.
Connector means flanged, screwed, or other joined fittings used to connect two pipe lines or a pipe line and a piece of process equipment or that close an opening in a pipe that could be connected to another pipe. Joined fittings welded completely around the circumference of the interface are not considered connectors for the purpose of this subpart.