[Code of Federal Regulations]
[Title 40, Volume 18]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 40CFR91.205]

[Page 313-314]
 
                   TITLE 40--PROTECTION OF ENVIRONMENT
 
         CHAPTER I--ENVIRONMENTAL PROTECTION AGENCY (CONTINUED)
 
PART 91--CONTROL OF EMISSIONS FROM MARINE SPARK-IGNITION ENGINES--Table of 
Contents
 
          Subpart C--Averaging, Banking, and Trading Provisions
 
Sec. 91.205  Banking.

    (a) A manufacturer of a marine SI engine family with an FEL below 
the applicable emission standard for a given model year may bank credits 
in that model year for use in averaging and trading in the following 
three model years. Negative credits must be banked according to the 
requirements under Sec. 91.207(c). Positive credits not used within the 
three model years after they are banked are forfeited.
    (1) Early banking. (i) For outboard engines in model year (MY) 1997, 
a manufacturer may bank positive emission credits if the following 
conditions are met: the manufacturer certifies their entire marine 
outboard engine product line for MY 1997 under the emission standards 
applicable to MY 1998, the manufacturer demonstrates compliance with the 
corporate average standard under Sec. 91.207(b), and the sum of positive 
and negative credits under Sec. 91.207 generates positive emission 
credits, when the following formula is used for purposes of the 
applicable standard in Sec. 91.207(a). The number of credits that may be 
banked under this paragraph is the number of positive emission credits 
generated under the provisions of the preceding sentence. Marine engines 
certified under the provisions of this paragraph are subject to all of 
the requirements of this part.

     Hydrocarbon Plus Oxides of Nitrogen Exhaust Emission Standards
                        [Grams per kilowatt-hour]
------------------------------------------------------------------------
                            P<4.3 kW
                             HC+NOX
       Model year           Emission        P4.3 kW HC+NOX
                           standard by   emission standard by model year
                           model year
------------------------------------------------------------------------
1997...................             276  (0.959 x (151 + 557/P0.9)+1.22)
------------------------------------------------------------------------

    (ii) For personal watercraft engines in model year 1998, a 
manufacturer may bank positive emission credits if the following 
conditions are met: The manufacturer certifies their entire marine 
personal watercraft engine product line for MY 1998 under the emission 
standards applicable to 1998 model year outboard engine emission 
standards, the manufacturer demonstrates compliance with the corporate 
average standard under Sec. 91.207(b), and the sum of positive and 
negative credits under Sec. 91.207 generates positive emission credits, 
when the following formula is used for purposes of the applicable 
standard Sec. 91.207(a). The number of credits that may be banked under 
this paragraph is the number of positive emission credits generated 
under the provisions of the preceding sentence. Marine engines certified 
under the provisions of this paragraph are subject to all of the 
requirements of this part.

     Hydrocarbon Plus Oxides of Nitrogen Exhaust Emission Standards
                        [Grams per kilowatt-hour]
------------------------------------------------------------------------
                            P<4.3 kW
                             HC+NOX
       Model year           emission        P 4.3 kW HC+NOX
                           standard by   emission standard by model year
                           model year
------------------------------------------------------------------------
1998...................             276  (0.959 x (151 + 557/P0.9[rpar])
                                          + 1.22)
------------------------------------------------------------------------

    (iii) For personal watercraft in model year 1997, a manufacturer may 
bank positive emission credits if the following conditions are met: the 
manufacturer certifies their entire marine personal watercraft engine 
product line for MY 1997 under the emission standards specified in the 
formula below for PWC, the manufacturer demonstrates compliance with the 
corporate average standard under Sec. 91.207(b), and the sum of positive 
and negative credits under

[[Page 314]]

Sec. 91.207 generates positive emission credits, when the following 
formula is used for purposes of the applicable standard in 
Sec. 91.207(a). The number of credits that may be banked under this 
paragraph is the number of positive emission credits generated under the 
provisions of the preceding sentence. Marine engines certified under the 
provisions of this paragraph are subject to all of the requirements of 
this part.

     Hydrocarbon Plus Oxides of Nitrogen Exhaust Emission Standards
                        [Grams per kilowatt-hour]
------------------------------------------------------------------------
                            P<4.3 kW
                             HC+NOX
       Model year           emission        P 4.3 kW HC+NOX
                           standard by   emission standard by model year
                           model year
------------------------------------------------------------------------
1997...................             276  (0.959 x (151 + 557/P0.9[rpar])
                                          + 1.22)
------------------------------------------------------------------------

    (b) A manufacturer may bank actual credits only after the end of the 
model year and after EPA has reviewed the manufacturer's end-of-year 
reports. During the model year and before submittal of the end-of-year 
report, credits originally designated in the certification process for 
banking will be considered reserved and may be redesignated for trading 
or averaging in the end-of-year report and final report.
    (c) Credits declared for banking from the previous model year that 
have not been reviewed by EPA may be used in averaging or trading 
transactions. However, such credits may be revoked at a later time 
following EPA review of the end-of-year report or any subsequent audit 
actions.