42 U.S.C. § 7671o — Transfers among Parties to Montreal Protocol

FEDERAL · 42 U.S.C. · Chapter SUBCHAPTER VI—STRATOSPHERIC OZONE PROTECTION

Transfers among Parties to Montreal Protocol

42 U.S.C. § 7671o

ChapterSUBCHAPTER VI—STRATOSPHERIC OZONE PROTECTION

This text of 42 U.S.C. § 7671o (Transfers among Parties to Montreal Protocol) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

42 U.S.C. § 7671o.

Text

(a)In general Consistent with the Montreal Protocol, the United States may engage in transfers with other Parties to the Protocol under the following conditions:

(1)The United States may transfer production allowances to another Party if, at the time of such transfer, the Administrator establishes revised production limits for the United States such that the aggregate national United States production permitted under the revised production limits equals the lesser of (A) the maximum production level permitted for the substance or substances concerned in the transfer year under the Protocol minus the production allowances transferred, (B) the maximum production level permitted for the substance or substances concerned in the transfer year under applicable domestic law minus the production

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(a) In general
Consistent with the Montreal Protocol, the United States may engage in transfers with other Parties to the Protocol under the following conditions:
(1) The United States may transfer production allowances to another Party if, at the time of such transfer, the Administrator establishes revised production limits for the United States such that the aggregate national United States production permitted under the revised production limits equals the lesser of (A) the maximum production level permitted for the substance or substances concerned in the transfer year under the Protocol minus the production allowances transferred, (B) the maximum production level permitted for the substance or substances concerned in the transfer year under applicable domestic law minus the production allowances transferred, or (C) the average of the actual national production level of the substance or substances concerned for the 3 years prior to the transfer minus the production allowances transferred.
(2) The United States may acquire production allowances from another Party if, at the time of such transfer, the Administrator finds that the other Party has revised its domestic production limits in the same manner as provided with respect to transfers by the United States in this subsection.
(b) Effect of transfers on production limits
The Administrator is authorized to reduce the production limits established under this chapter as required as a prerequisite to transfers under paragraph (1) of subsection (a) or to increase production limits established under this chapter to reflect production allowances acquired under a transfer under paragraph (2) of subsection (a).
(c) Regulations
The Administrator shall promulgate, within 2 years after November 15, 1990, regulations to implement this section.
(d) "Applicable domestic law" defined
In the case of the United States, the term "applicable domestic law" means this chapter.

Source Credit

History

(July 14, 1955, ch. 360, title VI, §616, as added Pub. L. 101–549, title VI, §602(a), Nov. 15, 1990, 104 Stat. 2669.)

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42 U.S.C. § 7671o, Counsel Stack Legal Research, https://law.counselstack.com/usc/42/7671o.