N.J. Admin. Code § 7:27C-6.4

Current through Register Vol. 56, No. 24, December 18, 2024

Section 7:27C-6.4 - Authorization of the CO[2] authorized account representative for a general account

(a) The CO[2] authorized account representative shall represent and, by his or her representations, actions, inactions, or submissions, legally bind each person who has an ownership interest with respect to CO[2] allowances held in the general account in all matters pertaining to the CO[2] Budget Trading Program, notwithstanding any agreement between the CO[2] authorized account representative and such person. Each such person who has such ownership interest with respect to CO[2] allowances shall be bound by any order or decision issued to the CO[2] authorized account representative by the Department or a court of competent jurisdiction regarding the general account.

(b) Any representation, action, inaction, or submission by any alternate CO[2] authorized account representative shall be deemed to be a representation, action, inaction, or submission by the CO[2] authorized account representative.

(c) Each submission concerning the general account shall be submitted, signed, and certified by the CO[2] authorized account representative. Each such submission shall include the following certification by the CO[2] authorized account representative:

"I am authorized to make this submission on behalf of the persons having an ownership interest with respect to the CO[2] allowances held in the general account. I certify under penalty of law that I have personally examined, and am familiar with, the statements and information submitted in this document and all its attachments. Based on my inquiry of those individuals with primary responsibility for obtaining the information, I certify that the statements and information are to the best of my knowledge and belief true, accurate, and complete. I am aware that there are significant penalties for submitting false statements and information or omitting required statements and information, including the possibility of fine or imprisonment."

(d) The Department will accept or act on a submission concerning the general account only if the submission has been made, signed, and certified in accordance with (c) above.

N.J. Admin. Code § 7:27C-6.4

Adopted by 51 N.J.R. 992(a), effective 6/17/2019