§ 97.724 Compliance with CSAPR SO2 Group 2 emissions limitation.

(a) Availability for deduction for compliance. CSAPR SO₂ Group 2 allowances are available to be deducted for compliance with a source's CSAPR SO₂ Group 2 emissions limitation for a control period in a given year only if the CSAPR SO₂ Group 2 allowances:

(1) Were allocated or auctioned for such control period or a control period in a prior year; and

(2) Are held in the source's compliance account as of the allowance transfer deadline for such control period.

(b) Deductions for compliance. After the recordation, in accordance with § 97.723, of CSAPR SO₂ Group 2 allowance transfers submitted by the allowance transfer deadline for a control period in a given year, the Administrator will deduct from each source's compliance account CSAPR SO₂ Group 2 allowances available under paragraph (a) of this section in order to determine whether the source meets the CSAPR SO₂ Group 2 emissions limitation for such control period, as follows: