§97.722. Submission of CSAPR SO 2 Group 2 allowance transfers. — Inbound Citations

(i) 2 Group 2 Trading Programs. A State listed in paragraph (c)(1) of this section may adopt and include in a SIP revision, and the Administrator will approve, as correcting the deficiency in the SIP that is the basis for the CSAPR Federal Implementation Plan set forth in paragraphs (a), (c)(1), (g), and (h) of this section with regard to sources in the State and areas of Indian country within the borders of the State subject to the State's SIP authority, regulations that are substantively identical to the provisions of the CSAPR SO2 Group 2 Trading Program set forth in §§ 97.702 through 97.735 of this chapter, except that the SIP revision:

(i) The authorized account representative or alternate authorized account representative of a general account may submit to the Administrator a request to close the account. Such request shall include a correctly submitted CSAPR SO2 Group 2 allowance transfer under § 97.722 for any CSAPR SO2 Group 2 allowances in the account to one or more other Allowance Management System accounts.

(a) Within 5 business days (except as provided in paragraph (b) of this section) of receiving a CSAPR SO2 Group 2 allowance transfer that is correctly submitted under § 97.722, the Administrator will record a CSAPR SO2 Group 2 allowance transfer by moving each CSAPR SO2 Group 2 allowance from the transferor account to the transferee account as specified in the transfer.