Surplus reduction definition

Surplus reduction means the ACP Limit minus the ACP Emissions when the ACP Limit was greater than the ACP Emissions during a given compliance period, expressed to the nearest pound of VOC. Except as provided in section 11 (g)(3), “Surplus Reduction” does not include emissions occurring prior to the date that the ACP Agreement approving an ACP is signed by the (OTC STATE).
Surplus reduction means the ACP Limit minus the ACP Emissions when the ACP Limit was greater than the ACP Emissions during a given compliance period, expressed to the nearest pound of VOC. Except as provided in section 94547(c), “Surplus Reduction” does not include
Surplus reduction means the ACP limit minus the ACP emissions expressed to the nearest pound of VOC when the ACP limit was greater than the ACP emissions during a given compliance period.

Examples of Surplus reduction in a sentence

  • Surplus reduction certificates do not constitute instruments, securities, or other form of property.

  • Surplus reduction – the ACP limit minus the ACP emissions when the ACP limit was greater than the ACP emissions during a given compliance period, expressed to the nearest pound of VOC.


More Definitions of Surplus reduction

Surplus reduction means the ACP limit minus the ACP emissions when the
Surplus reduction means the ACP limit minus the ACP emissions when the ACP limit was greater than the ACP emissions during a given compliance period, expressed to the nearest pound of VOC. Except as provided in Section 100.10.7 (relating to limited-use surplus reduction credits for early reformulations of ACP products), the term does not include emissions occurring prior to the date that the ACP agreement is signed by the Department.

Related to Surplus reduction

  • Annual Balanced Budget means that, in each Funding Year of the term of this Agreement, the total revenues of the HSP are greater than or equal to the total expenses, from all sources, of the HSP;

  • Excess Aggregate Contributions means, with respect to any Plan Year, the excess of: