Cal. Code Regs. Tit. 17, § 95984 - Ownership and Transferability of ARB Offset Credits
(a) Initial ownership of an ARB offset credit
will be with the registered Offset Project Operator, Authorized Project
Designee, or another third party as requested by the Offset Project Operator
pursuant to section
95981(b) to
receive ARB offset credits, unless otherwise required by section
95983. An ARB offset credit may be
sold, traded, or transferred, unless:
(1) It
has been retired, surrendered for compliance, or used to meet any GHG
mitigation requirements in any voluntary or regulatory program;
(2) It resides in the Forest Buffer Account
pursuant to section
95983; or
(3) It has been invalidated pursuant to
section 95985.
(b) An ARB offset credit may only be used:
(1) To meet a compliance obligation under
this article, except if used by a covered entity in a program approved for
linkage pursuant to subarticle 12; or
(2) By a Voluntarily Associated Entity for
purposes of voluntary retirement.
Notes
2. Amendment of subsection (a) filed 6-26-2014; operative 7-1-2014 pursuant to Government Code section 11343.4(b)(3) (Register 2014, No. 26).
3. Amendment of subsection (a) 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. Amendment of subsection (a) filed 6-26-2014; operative
3. Amendment of subsection (a) filed 3-29-2019; operative
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