[Code of Federal Regulations]
[Title 40, Volume 14]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 40CFR73.38]

[Page 160]
 
                   TITLE 40--PROTECTION OF ENVIRONMENT
 
         CHAPTER I--ENVIRONMENTAL PROTECTION AGENCY (CONTINUED)
 
PART 73--SULFUR DIOXIDE ALLOWANCE SYSTEM--Table of Contents
 
                  Subpart C--Allowance Tracking System
 
Sec. 73.38  Closing of accounts.

    (a) General account. The authorized account representative of a 
general account may instruct the Administrator to close the general 
account by submitting an allowance transfer, pursuant to Sec. 73.50 and 
Sec. 73.52, requesting the transfer of all allowances held in the 
account to one or more other accounts in the Allowance Tracking System, 
and by submitting in writing, with the signature of the authorized 
account representative, a request to delete the general account from the 
Allowance Tracking System.
    (b) Inactive accounts. If a general account shows no activity for a 
period of a year or more and does not contain any allowances in its 
subaccounts, the Administrator will notify the account's authorized 
account representative that the account will be closed and eliminated 
from the Allowance Tracking System following 20 business days from the 
date the notice is sent. The account will be closed following the 20-day 
period, unless the Administrator receives and records a request for the 
transfer of allowances into the account pursuant to Sec. 73.52 before 
the end of the 20-day period, or the authorized account representative 
submits, in writing, demonstration of good cause as to why the inactive 
account should not be closed. The finding of whether good cause exists 
shall be in the sole discretion of the Administrator.