OAR 340-273-0830: Holding Community Climate Investment Credits

(1) After DEQ distributes a CCI credit to a covered entity according to OAR 340-273- 0820, the covered entity may continue to hold the CCI credit until any of the following apply: (a) The covered entity uses the CCI credit toward its demonstration of compliance according to OAR 340-273-0450; (b) Two demonstration of compliance deadlines described in OAR 340-273-0450(2) have passed since the date DEQ provided written notice of its approval of the CCI credit to the covered entity according to OAR 340-273-0820 and the covered entity has not used the CCI credit in its demonstration(s) of compliance. In such a case, DEQ will cancel the CCI credit. A cancelled CCI credit may not be used toward demonstration of compliance; or (c) The covered entity has ceased being a covered entity according to OAR 340-273-0130. When a covered entity ceases to be a covered entity, DEQ will cancel the CCI credit at the time of such cessation. A cancelled CCI credit may not be used toward any demonstration of compliance. (2) Only the covered entity that receives a CCI credit from DEQ may hold the CCI credit. CCI credits may not be traded.