340-016-000New Rule

Certificate Administration

For the purpose subdelegating certificate administration authority, the Environmental Quality Commission authorizes the Director of the Department of Environmental Quality or the Director's delegate to:

(1) Transfer the tax credit and reissue the certificate to the new facility owner upon sale or exchange of the certified facility under OAR 340-016-0080(4) if the:

(a) New facility owner submits a complete Tax Credit Transfer Request form provided by the Department; and

(b) Department determines the new facility owner continues to operate the facility according to the conditions of certification under ORS 468.170.

(2) Revoke a certificate under ORS 468.185 only if the certificate holder notifies the Department that the certified facility no longer operates according to the conditions of certification.

OAR 340-016-0080

Certification

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(4) Upon sale or exchange of the facility, the certificate holder new facility owner may request that the Commission transfer a tax credit from onethe current certificate holder to another, the new facility owner. The Commission shall reissue the certificate to the new holder, and the Department shall report the transfer of the certificate to the Department of Revenue as set forth in ORS 307.405 and 315.304.