42 U.S.C. § 13258 : US Code - Section 13258: Credits

Search 42 U.S.C. § 13258 : US Code - Section 13258: Credits

(a) In general
The Secretary shall allocate a credit to a fleet or covered
person that is required to acquire an alternative fueled vehicle
under this subchapter, if that fleet or person acquires an
alternative fueled vehicle in excess of the number that fleet or
person is required to acquire under this subchapter or acquires an
alternative fueled vehicle before the date that fleet or person is
required to acquire an alternative fueled vehicle under such
subchapter.
(b) Allocation
In allocating credits under subsection (a) of this section, the
Secretary shall allocate one credit for each alternative fueled
vehicle the fleet or covered person acquires that exceeds the
number of alternative fueled vehicles that fleet or person is
required to acquire under this subchapter or that is acquired
before the date that fleet or person is required to acquire an
alternative fueled vehicle under such subchapter. In the event that
a vehicle is acquired before the date otherwise required, the
Secretary shall allocate one credit per vehicle for each year the
vehicle is acquired before the required date. The credit shall be
allocated for the same type vehicle as the excess vehicle or
earlier acquired vehicle.
(c) Use of credits
At the request of a fleet or covered person allocated a credit
under this section, the Secretary shall treat the credit as the
acquisition of one alternative fueled vehicle of the type for which
the credit is allocated in the year designated by that fleet or
person when determining whether that fleet or person has complied
with this subchapter in the year designated. A credit may be
counted toward compliance for only one year.
(d) Transferability
A fleet or covered person allocated a credit under this section
or to whom a credit is transferred under this section, may transfer
freely the credit to another fleet or person who is required to
comply with this subchapter. At the request of the fleet or person
to whom a credit is transferred, the Secretary shall treat the
transferred credit as the acquisition of one alternative fueled
vehicle of the type for which the credit is allocated in the year
designated by the fleet or person to whom the credit is transferred
when determining whether that fleet or person has complied with
this subchapter in the year designated. A transferred credit may be
counted toward compliance for only one year. In the case of the
alternative fuel provider program under section 13251 of this
title, a transferred credit may be counted toward compliance only
if the requirement of section 13251(a)(4) of this title is met.