---
kind: "section"
citation: "40 C.F.R. § 97.40"
title: "40"
number: "97.40"
heading: "Trading program budget."
url: "https://uscodex.org/cfr/40/97.40"
---

# §97.40. Trading program budget.


In accordance with §§ [97.41](/cfr/40/97.41.md) and [97.42](/cfr/40/97.42.md), the Administrator will allocate to the NOX Budget units under [§ 97.4(a)](/cfr/40/97.4.md?p=a) in a State, for each control period specified in [§ 97.41](/cfr/40/97.41.md), a total number of NOX allowances equal to the trading budget for the State, as set forth in appendix C to this subpart, less the sum of the NOX emission limitations (in tons) for each unit exempt under [§ 97.4(b)](/cfr/40/97.4.md?p=b) that is not allocated any NOX allowances under § [97.42 (b)](/cfr/40/97.42.md?p=b) or [(c)](/cfr/40/97.42.md?p=c) for the control period and whose NOX emission limitation (in tons of NOX) is not included in the amount calculated under [§ 97.42(d)(5)(ii)(B)](/cfr/40/97.42.md?p=d-5-ii-B) for the control period.


## Notes

### Amendments

[65 FR 2727, Jan. 18, 2000, as amended at 69 FR 21646, Apr. 21, 2004; 81 FR 74604, Oct. 26, 2016]

### Authority

Authority: 42 U.S.C. 7401, 7403, 7410, 7426, 7491, 7601, and 7651, et seq.

### Source

Source: 65 FR 2727, Jan. 18, 2000, unless otherwise noted. 71 FR 25396, 25422, and 25443, Apr. 28, 2006

### Amendments

[65 FR 2727, Jan. 18, 2000, as amended at 69 FR 21646, Apr. 21, 2004; 81 FR 74604, Oct. 26, 2016]