---
kind: "section"
citation: "40 C.F.R. § 1033.715"
title: "40"
number: "1033.715"
heading: "Banking emission credits."
url: "https://uscodex.org/cfr/40/1033.715"
---

# §1033.715. Banking emission credits.

- (a) Banking is the retention of emission credits by the manufacturer/remanufacturer generating the emission credits (or owner/operator, in the case of transferred credits) for use in future model years for averaging, trading, or transferring. You may use banked emission credits only as allowed by [§ 1033.740](/cfr/40/1033.740.md).
- (b) You may designate any emission credits you plan to bank in the reports you submit under [§ 1033.730](/cfr/40/1033.730.md) as reserved credits. During the model year and before the due date for the final report, you may designate your reserved emission credits for averaging, trading, or transferring.
- (c) **Reserved credits become actual emission credits when you submit your final report.** However, we may revoke these emission credits if we are unable to verify them after reviewing your reports or auditing your records.

## Notes

### Amendments

[75 FR 22987, Apr. 30, 2010]

### Authority

Authority: 42 U.S.C. 7401-7671q.

### Source

Source: 73 FR 37197, June 30, 2008, unless otherwise noted.

### Amendments

[75 FR 22987, Apr. 30, 2010]