Section 487.09. Clean fuel fleet acquisition credit program.

 

(1)   Eligibility. Each covered fleet operator shall be eligible to generate, hold and trade acquisition credits which represent compliance beyond the program minimum. Acquisition credits shall be generated if the minimum compliance requirements of this chapter are exceeded in any of the following ways:

(a) The covered fleet operator acquires more clean fuel fleet vehicles than required in any one year.

(b) The covered fleet operator acquires vehicles which meet stricter emission standards than those required.

(c) The covered fleet operator acquires clean fuel fleet vehicles in exempt categories which are part of a covered fleet.

(d) The covered fleet operator acquires clean fuel fleet vehicles in the period after November 15, 1990 but before the beginning of the 1999 MY.

(2)   Determination, issuance and redemption of acquisition credits. Acquisition credits available shall be determined by the department from information submitted by covered fleet operators. The acquisition credits shall be issued and redeemed by the department upon the request of a covered fleet operator.

(3)   Use of acquisition credits. Acquisition credits may be held for use at a later time. Covered fleet operators may use the credits to show compliance with the acquisition requirements within the same vehicle weight class by submitting them for redemption to the department or may trade or sell the credits to another covered fleet operator in the covered area.

(4)   Acquisition credit trading calculations. Calculations regarding acquisition credit trading shall be based on the low emission vehicle standards as shown in Tables 1 and 2. Credit trading shall be based on the combined NMOG+NO x reduction in the emissions and shall be tracked to the hundredth's place.

(a) LDV and LDT acquisition credit values. Acquisition credit values for LDVs and LDTs shall be appropriately weighted to reflect the level of emission reductions achieved by the vehicles and normalized to the vehicle equivalent reduction required by LDVs certified to the LEV standards as listed in Tables 3, 4 and 5.

(b) HDV subclass trading. Acquisition credit trading between subclasses of HDVs shall be within the subclass or from a heavier subclass to a lighter subclass without proration on a one-to-one basis. To ensure proper subclass trading, credits for HDVs shall be designated by each HDV subclass as either heavy, medium or light HDV credits as listed in Tables 6, 7 and 8.

(5)   Acquisition credit information. Covered fleet operators selling or trading acquisition credits or using them for compliance shall maintain information on and document all credits and credit transactions, including sale, trade and redemption. The information with all supporting documents shall be made available, upon request, to the department for inspection and audit.

History: Cr. Register, May, 1995, No. 473 , eff. 6-1-95; am. (1) (d), Register, September, 1998, No. 513 , eff. 10-1-98.