Cal. Code Regs. Tit. 17, § 95981.1 - Process for Issuance of ARB Offset Credits
(a) ARB will issue an ARB offset credit for
GHG reductions and removal enhancements achieved in a Reporting Period for an
offset project that meets the requirements of sections
95981(a) and (b)
to the ARB Issuance Account, no later than 15 calendar days after ARB makes a
determination pursuant to section
95981(c), as long
as all attestations required in section
95981(d) have
been received by ARB prior to its determination.
(b) Change of Listing Status at ARB. When ARB
issues an ARB offset credit for an offset project, the listing status for that
offset project will be changed from "Active Registry Project" to "Active ARB
Project" or "Active Registry Renewal" to "Active ARB Renewal" at the Offset
Project Registry and ARB.
(c)
Notice of Issuance of ARB Offset Credits. Not later than five working days
after ARB issues an ARB offset credit pursuant to section
95981(c), ARB
will notify the Offset Project Operator or Authorized Project Designee of the
issuance of ARB offset credits.
(d)
Requests for Additional Information. ARB may request additional information for
offset projects submitted through an Offset Project Registry seeking issuance
of ARB offset credits.
(1) ARB will notify the
Offset Project Operator, Authorized Project Designee, or other third party
identified in section
95981(b) within
15 calendar days of its determination pursuant to section
95981(c) if the
information submitted pursuant to section
95981(b), (c), and
(d) is incomplete and request additional
specific information.
(2) ARB may
request any additional information from the Offset Project Operator, Authorized
Project Designee, Offset Project Registry, or verification body before issuing
ARB offset credits for an offset project that meets the requirements of section
95981. The Offset Project
Operator, Authorized Project Designee, Offset Project Registry, or verification
body must submit the requested information to ARB within 10 calendar days of
ARB's request.
(3) If ARB
determines the information submitted in sections
95981(b),
95981(c), and
95981.1(d)(2)
does not meet the requirements for issuance of ARB offset credits, then ARB may
deny issuance of ARB offset credits. The Offset Project Operator or Authorized
Project Designee may petition ARB within 10 days of denial for a review of
submitted information in sections
95981(b),
95981(c), and
95981.1(d)(2) and
respond to any issues that prevent the issuance of ARB offset
credits.
(4) ARB must make a final
determination within 30 calendar days of receiving the request in section
95981.1(d)(3) and
may request additional information from the Offset Project Operator or
Authorized Project Designee, verification body, or Offset Project Registry.
This determination made by the Executive Officer is final.
(e) A registry offset credit issued pursuant
to section
95980.1(a) must
be removed or cancelled by the Offset Project Registry within one year after
ARB issues an ARB offset credit pursuant to this section, such that the
registry offset credit is no longer available for transaction on the Offset
Project Registry system. Within five working days of the removal or
cancellation of registry offset credits, the Offset Project Registry must
provide proof to ARB that the registry offset credits have been permanently
removed or cancelled from the registry system. If registry offset credits are
not cancelled within one year, ARB will cancel the ARB offset credits. ARB
offset credits cancelled pursuant to this provision may not be
re-issued.
(f) Receipt of ARB
Offset Credits. ARB will transfer ARB offset credits into the Holding Account
of the Offset Project Operator, Authorized Project Designee, or any other third
party requested by the Offset Project Operator pursuant to section
95981(b) to
receive ARB offset credits, within 15 working days of the Offset Project
Registry providing proof to ARB that the registry offset credits have been
permanently removed or cancelled from the registry system.
Notes
2. Change without regulatory effect amending subsections (a) and (d)(2) filed 2-15-2012 pursuant to section 100, title 1, California Code of Regulations (Register 2012, No. 7).
3. Amendment filed 6-26-2014; operative 7-1-2014 pursuant to Government Code section 11343.4(b)(3) (Register 2014, No. 26).
4. Amendment of subsection (e) filed 9-18-2017; operative 10-1-2017 pursuant to Government Code section 11343.4(b)(3) (Register 2017, No. 38).
5. Amendment of subsections (c), (d)(1), (e) and (f) filed 3-29-2019; operative 3-29-2019 pursuant to Government Code section 11343.4(b)(3) (Register 2019, No. 13).
Note: Authority cited: Sections 38510, 38560, 38562, 38570, 38571, 38580, 39600 and 39601, Health and Safety Code. Reference: Sections 38530, 38560.5, 38564, 38565, 38570 and 39600, Health and Safety Code.
2. Change without regulatory effect amending subsections (a) and (d)(2) filed 2-15-2012 pursuant to section 100, title 1, California Code of Regulations (Register 2012, No. 7).
3. Amendment filed 6-26-2014; operative
4. Amendment of subsection (e) filed 9-18-2017; operative
5. Amendment of subsections (c), (d)(1), (e) and (f) filed 3-29-2019; operative
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