|(a) No later than three years after the effective date of this
division, and every three years thereafter, the executive director will audit
(1) The audit will evaluate the impact of the program on the
state's ozone attainment demonstration, the availability and cost of allowances,
compliance by the participants, and any other elements the executive director
may choose to include.
(2) The executive director will recommend measures to remedy
any problems identified in the audit. The trading of allowances, discrete
emission reduction credits (DERCs), and/or mobile discrete emission reduction
credits (MDERCs) may be discontinued by the executive director in part or
in whole and in any manner, with commission approval, as a remedy for problems
identified in the program audit.
(3) The audit data and results will be completed and submitted
to the EPA and made available for public inspection within six months after
the audit begins.
(b) No later than June 30 following the end of each control
period, the executive director shall develop and make available to the general
public and EPA, a report that includes:
(1) number of allowances allocated to each compliance account;
(2) total number of allowances allocated under this division;
(3) number of actual nitrogen oxides (NO
x ) allowances subtracted from each compliance account based on the
actual NOx emissions from the site; and
(4) a summary of all trades completed under this division.