---
kind: "section"
citation: "40 C.F.R. § 1033.722"
title: "40"
number: "1033.722"
heading: "Transferring emission credits."
url: "https://uscodex.org/cfr/40/1033.722"
---

# §1033.722. Transferring emission credits.

- (a) **Credit transfer is the conveying of control over credits, either—**
  - (1) **From a certifying manufacturer/remanufacturer to an owner/operator.**
  - (2) **From an owner/operator to a certifying manufacturer/remanufacturer.**
- (b) **Transferred credits can be—**
  - (1) **Used by a certifying manufacturer/remanufacturer in averaging.**
  - (2) **Transferred again within the model year.**
  - (3) **Reserved for later banking.** Transferred credits may not be traded unless they have been previously banked.
- (c) Owners/operators participating in credit transfers must submit the reports specified in [§ 1033.730](/cfr/40/1033.730.md).

## Notes

### Authority

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

### Source

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