N.M. Code R. § 20.11.46.20 Special Penalty Provisions For Year 2018 Milestone
Library | New Mexico Administrative Code |
Edition | 2023 |
Currency | Current through Register Vol. 34, No. 24, December 19, 2023 |
Citation | N.M. Code R. § 20.11.46.20 |
Year | 2023 |
A. If the WEB trading program is triggered as outlined Part A of the
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(1) All WEB sources shall register, and open
a compliance account within 180 days after the program trigger date, in
accordance with Subsection A of 20.11.46.13 NMAC and 20.11.46.15
NMAC.
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(2) The tracking system
administrator shall record the allowances for the 2018 control period for each
WEB source in the source's compliance account once the department allocates the
2018 allowances under Section C1 and D1 of the
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(3) The allowance transfer deadline is
midnight pacific standard time on May 31, 2021 (or if this date is not a
business day, midnight of the first business day thereafter). WEB sources may
transfer allowances as provided in Subsection A of 20.11.46.17 NMAC until the
allowance transfer deadline.
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(4) A
WEB source shall hold allowances allocated for 2018 including those transferred
into the compliance account or a special reserve account by an allowance
transfer correctly submitted by the allowance transfer deadline, in an amount
not less than the WEB source's total SO
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(5) In accordance with Subsection D of
20.11.46.18 NMAC, and Paragraph (4) of Subsection A of 20.11.46.20 NMAC, the
department shall seek at least the minimum financial penalty of $5000 per ton
of SO
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