40 CFR § 1033.722 - Transferring emission credits.

---
identifier: "/us/cfr/t40/s1033.722"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "40 CFR § 1033.722 - Transferring emission credits."
title_number: 40
title_name: "Protection of Environment"
section_number: "1033.722"
section_name: "Transferring emission credits."
chapter_name: "ENVIRONMENTAL PROTECTION AGENCY"
subchapter_number: "U"
subchapter_name: "AIR POLLUTION CONTROLS"
part_number: "1033"
part_name: "CONTROL OF EMISSIONS FROM LOCOMOTIVES"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "42 U.S.C. 7401-7671q."
regulatory_source: "73 FR 37197, June 30, 2008, unless otherwise noted."
cfr_part: "1033"
---


# 1033.722 Transferring emission credits.

(a) Credit transfer is the conveying of control over credits, either:

(1) From a certifying manufacturer/remanufacturer to an owner/operator.

(2) From an owner/operator to a certifying manufacturer/remanufacturer.

(b) Transferred credits can be:

(1) Used by a certifying manufacturer/remanufacturer in averaging.

(2) Transferred again within the model year.

(3) Reserved for later banking. Transferred credits may not be traded unless they have been previously banked.

(c) Owners/operators participating in credit transfers must submit the reports specified in § 1033.730.