Assurance Account

{
  "id": "MLC-T-ENV-002298",
  "term": "Assurance Account",
  "field": "Environment",
  "definition": "1. Allowance Management System account, established by the Administrator under § 97.425(b)(3) for certain owners and operators of a group of one or more TR NOX Annual sources and units in a given State (and Indian country within the borders of such State), in which are held TR NOX Annual allowances available for use for a control period in a given year in complying with the TR NOX Annual assurance provisions in accordance with §§ 97.406 and 97.425.\n\n2. Allowance Management System account, established by the Administrator under § 97.925(b)(3) for certain owners and operators of a group of one or more Texas SO2 Trading Program sources and units, in which are held Texas SO2 Trading Program allowances available for use for a control period in a given year in complying with the Texas SO2 Trading Program assurance provisions in accordance with §§ 97.906 and 97.925.",
  "references": [
    "40 CFR 97.402 (CFR 2013)",
    "85 FR 49170; 40 CFR 97.902 (CFR 2021)"
  ],
  "url": "https://mlchart.com/terminology/environment/assurance-account/"
}