N.M. Admin. Code § 20.2.81.107

Current through Register Vol. 35, No. 21, November 5, 2024

Section 20.2.81.107 - ALLOWANCE TRANSFERS

A. Procedure. To transfer allowances, the account representative shall submit the following information to the tracking system administrator:

(1) the transfer account number(s) identifying the transferor account;

(2) the transfer account number(s) identifying the transferee account;

(3) the serial number of each allowance to be transferred; and

(4) the transferor's account representative's name and signature and date of submission.

B. Deadline. The allowance transfer deadline is midnight Pacific standard time March 1 of each year (or if this date is not a business day, midnight of the first business day thereafter) following the end of the control period. By this time, the transfer of the allowances into the WEB source's compliance account must be correctly submitted to the tracking system administrator in order to demonstrate compliance under Subsection A of 20.2.81.109 NMAC for that control period.

C. Retirement of Allowances. To transfer allowances for the purpose of retirement, the account representative shall submit the following information to the tracking system administrator:

(1) the transfer account number(s) identifying the transferor account;

(2) the serial number of each allowance to be retired; and

(3) the transferor's account representative's name and signature and date of submission accompanied by a signed statement acknowledging that each retired allowance as no longer available for future transfers from or to any account.

N.M. Admin. Code § 20.2.81.107

20.2.81.107 NMAC - N, 12/31/03