
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC7671o]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
            CHAPTER 85--AIR POLLUTION PREVENTION AND CONTROL
 
              SUBCHAPTER VI--STRATOSPHERIC OZONE PROTECTION
 
Sec. 7671o. Transfers among Parties to Montreal Protocol


(a) In general

    Consistent with the Montreal Protocol, the United States may engage 
in transfers with other Parties to the Protocol under the following 
conditions:
        (1) The United States may transfer production allowances to 
    another Party if, at the time of such transfer, the Administrator 
    establishes revised production limits for the United States such 
    that the aggregate national United States production permitted under 
    the revised production limits equals the lesser of (A) the maximum 
    production level permitted for the substance or substances concerned 
    in the transfer year under the Protocol minus the production 
    allowances transferred, (B) the maximum production level permitted 
    for the substance or substances concerned in the transfer year under 
    applicable domestic law minus the production allowances transferred, 
    or (C) the average of the actual national production level of the 
    substance or substances concerned for the 3 years prior to the 
    transfer minus the production allowances transferred.
        (2) The United States may acquire production allowances from 
    another Party if, at the time of such transfer, the Administrator 
    finds that the other Party has revised its domestic production 
    limits in the same manner as provided with respect to transfers by 
    the United States in this subsection.

(b) Effect of transfers on production limits

    The Administrator is authorized to reduce the production limits 
established under this chapter as required as a prerequisite to 
transfers under paragraph (1) of subsection (a) of this section or to 
increase production limits established under this chapter to reflect 
production allowances acquired under a transfer under paragraph (2) of 
subsection (a) of this section.

(c) Regulations

    The Administrator shall promulgate, within 2 years after November 
15, 1990, regulations to implement this section.

(d) ``Applicable domestic law'' defined

    In the case of the United States, the term ``applicable domestic 
law'' means this chapter.

(July 14, 1955, ch. 360, title VI, Sec. 616, as added Pub. L. 101-549, 
title VI, Sec. 602(a), Nov. 15, 1990, 104 Stat. 2669.)
