40 CFR § 96.361 - EPA recordation.
---
identifier: "/us/cfr/t40/s96.361"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "40 CFR § 96.361 - EPA recordation."
title_number: 40
title_name: "Protection of Environment"
section_number: "96.361"
section_name: "EPA recordation."
chapter_name: "ENVIRONMENTAL PROTECTION AGENCY"
subchapter_number: "C"
subchapter_name: "AIR PROGRAMS"
part_number: "96"
part_name: "NOX BUDGET TRADING PROGRAM AND CAIR NOX AND SO2 TRADING PROGRAMS FOR STATE IMPLEMENTATION PLANS"
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, 7403, 7410, 7601, and 7651,"
regulatory_source: "63 FR 57514, Oct. 27, 1998, unless otherwise noted."
cfr_part: "96"
---
# 96.361 EPA recordation.
(a) Within 5 business days (except as provided in paragraph (b) of this section) of receiving a CAIR NO<sub>X</sub> Ozone Season allowance transfer, the Administrator will record a CAIR NO<sub>X</sub> Ozone Season allowance transfer by moving each CAIR NO<sub>X</sub> Ozone Season allowance from the transferor account to the transferee account as specified by the request, provided that:
(1) The transfer is correctly submitted under § 96.360; and
(2) The transferor account includes each CAIR NO<sub>X</sub> Ozone Season allowance identified by serial number in the transfer.
(b) A CAIR NO<sub>X</sub> Ozone Season allowance transfer that is submitted for recordation after the allowance transfer deadline for a control period and that includes any CAIR NO<sub>X</sub> Ozone Season allowances allocated for any control period before such allowance transfer deadline will not be recorded until after the Administrator completes the deductions under § 96.354 for the control period immediately before such allowance transfer deadline.
(c) Where a CAIR NO<sub>X</sub> Ozone Season allowance transfer submitted for recordation fails to meet the requirements of paragraph (a) of this section, the Administrator will not record such transfer.