| (a) Emission Reduction Credits Available Under a Low Income
Vehicle Repair Assistance, Retrofit, and Accelerated Vehicle Retirement Program
(LIRAP). A participating county may allow private, commercial, and business
entities to provide monetary assistance towards the LIRAP. To the extent allowed
under state and federal law, private, commercial, and business entities may
purchase eligible vehicles under §114.64(c) of this title (relating to
LIRAP Requirements) for accelerated retirement as approved by the participating
county, and may have up to 100% of the emission reductions certified as emission
credits. This emission reduction credit may be transferred or used by the
holder in accordance with Chapter 101, Subchapter H, Division 1 or 4 of this
title (relating to Emission Credit Banking and Trading; and Discrete Emission
Credit Banking and Trading).
(b) Emission Reduction Credits Available for Vehicles Not Covered
Under a LIRAP. To the extent allowed under state and federal law, a fleet
vehicle, a government owned or leased vehicle, or a commercial vehicle may
be retired and may have up to 100% of the emission reductions certified as
emission credits.
(c) Other Requirements. Emission reduction credits under subsection
(a) or (b) of this section must meet the requirements of Chapter 101, Subchapter
H, Division 1 or 4 of this title.
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