Or. Admin. Code § 340-273-0810
Current through Register Vol. 63, No. 12, December 1, 2024
Section 340-273-0810 - Application for Community Climate Investment Credits(1) Covered entities are eligible to receive one or more CCI credits if they contribute CCI funds according to this rule. Covered EITE sources and covered DNG sources are ineligible to receive CCI credits for contributions made to a CCI entity prior to January 1, 2028. (a) The covered entity may receive CCI credits only for contributions to a CCI entity that has been approved by DEQ according to OAR 340-273-0920(1) and that has entered into a written agreement with DEQ to accept and administer CCI funds according to OAR 340-273-0920(2).(b) If more than one CCI entity is approved to accept funds according to subsection (a) the covered entity must contribute an equal amount of CCI funds to each CCI entity that may receive funds consistent with its agreement with DEQ according to OAR 340-273- 0920(2). The contribution amount to each CCI entity may vary by up to one US dollar.(2) A covered entity must apply to receive CCI credits by submitting an application to DEQ, on a form approved by DEQ that includes the information described in section (3). A covered entity may not submit an application to request CCI credits on behalf of another person.(3) A covered entity that submits an application to DEQ to request CCI credits must submit a complete and accurate application. The application must include: (a) Information about the covered entity, including: (A) Name and full mailing address; and(B) Designated representative's contact information including name, title or position, phone number, and email address;(b) The name of each CCI entity that received CCI funds from the covered entity;(c) A copy of the receipt(s) described in OAR 340-273-0930(1)(a) received from each CCI entity;(d) The total CCI funds (in US dollars) contributed to each CCI entity, excluding any fees; and(e) The following attestation, signed by the designated representative of the covered fuel supplier: I certify under penalty of perjury under the laws of the State of Oregon that to the best of my knowledge and belief the information in this application is true, accurate, and complete. [Covered entity] contributed the community climate investment funds noted in this application to each community climate investment entity listed for the purposes of supporting eligible projects as described in OAR 340-273-0900.
(4)(a) A covered entity seeking to receive CCI credits in order to use them to demonstrate compliance for a particular compliance period must submit its application to DEQ no later than November 14 of the year it will demonstrate compliance according to OAR 340-273-0450, or 11 days after DEQ's notice described in OAR 340-273-0450(1), whichever is later.(b) DEQ's determination of the quantity of CCI credits to generate and distribute is based on the amount of the covered entity's contribution to CCI entities, as documented in its application and the CCI credit contribution amount described in Table 6 in OAR 340-273-9000 that was in effect on the date the contribution was made, adjusted for inflation according to OAR 340-273-0820(3).Or. Admin. Code § 340-273-0810
DEQ 18-2024, adopt filed 11/22/2024, effective 11/22/2024Statutory/Other Authority: ORS 468.020, 468A.025 & 468A.040
Statutes/Other Implemented: ORS 468.020, 468A.025, 468A.040, 468.035, 468A.010, 468A.015 & 468A.045