sec.76Adjustments for sub-blocks that can not be counted

sec.76 Adjustments for sub-blocks that can not be counted

This section applies for a relinquishment day if after taking away all sub-blocks that under section 75 can not be counted for the relinquishment condition, the balance of the sub-blocks of the GHG permit is less than the sub-blocks required to be relinquished under section 74 . The relinquishment condition is taken to have been complied with if the GHG permit holder gives a relinquishment notice for all of the balance. However, if— a sub-block not counted for the relinquishment condition was the subject of an application for a GHG lease or potential storage area; and the result of the application is that it is refused; the GHG permit holder must within 20 business days after the appeal period for the decision to refuse give a relinquishment notice for that sub-block. (sec.76-ssec.1) This section applies for a relinquishment day if after taking away all sub-blocks that under section 75 can not be counted for the relinquishment condition, the balance of the sub-blocks of the GHG permit is less than the sub-blocks required to be relinquished under section 74 . (sec.76-ssec.2) The relinquishment condition is taken to have been complied with if the GHG permit holder gives a relinquishment notice for all of the balance. (sec.76-ssec.3) However, if— a sub-block not counted for the relinquishment condition was the subject of an application for a GHG lease or potential storage area; and the result of the application is that it is refused; the GHG permit holder must within 20 business days after the appeal period for the decision to refuse give a relinquishment notice for that sub-block.

• (a) a sub-block not counted for the relinquishment condition was the subject of an application for a GHG lease or potential storage area; and
• (b) the result of the application is that it is refused;