[Code of Federal Regulations]
[Title 10, Volume 3]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 10CFR490.503]

[Page 730]
 
                            TITLE 10--ENERGY
 
                    CHAPTER II--DEPARTMENT OF ENERGY
 
PART 490--ALTERNATIVE FUEL TRANSPORTATION PROGRAM--Table of Contents
 
          Subpart F--Alternative Fueled Vehicle Credit Program
 
Sec. 490.503  Credit allocation.

    (a) Based on annual credit activity report information, as described 
in section 490.507 of this part, DOE shall allocate one credit for each 
alternative fueled vehicle a fleet or covered person acquires that 
exceeds the number of alternative fueled vehicles that fleet or person 
is required to acquire in a model year when acquisition requirements 
apply.
    (b) If an alternative fueled vehicle is acquired by a fleet or 
covered person in a model year before the first model year that fleet or 
person is required to acquire alternative fueled vehicles by this part, 
as reported in the annual credit activity report, DOE shall allocate one 
credit per alternative fueled vehicle for each year the alternative 
fueled vehicle is acquired before the model year when acquisition 
requirements apply.
    (c) DOE shall allocate credits to fleets and covered persons under 
paragraph (b) of this section only for alternative fueled vehicles 
acquired on or after October 24, 1992.