# Approval and Promulgation of Implementation Plans; Massachusetts; Emissions Banking, Trading, and Averaging Program Approval
> **Rule** · Direct final rule. · Published 1996-08-08 · Effective 1996-10-07 · 61 FR 41335
## Document
- **Document number:** 96-20241
- **Category:** air-emissions
- **Federal Register citation:** 61 FR 41335
- **CFR reference:** 40 CFR 52
- **Publication date:** 1996-08-08
- **Effective date:** 1996-10-07
- **State:** MA
- **EPA docket:** FRL-5533-2
## Abstract

The EPA is approving, in final, a State Implementation Plan (SIP) revision submitted by Massachusetts. This revision establishes a voluntary emissions banking, trading, and averaging program for eligible sources of volatile organic compounds (VOC), nitrogen oxides (NO<INF>X), or carbon monoxide (CO). The goal of these regulations is to encourage the creation, trading, and averaging of emission reduction credits in order for facilities to comply with new source review offsetting, netting, and reasonably available control technology (RACT) requirements in the most cost-effective manner. The program was adopted as a discretionary Economic Incentive Program, developed pursuant to EPA's guidance. This revision includes provisions which EPA proposed to approve in a document published on February 22, 1995.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1996/08/08/96-20241/approval-and-promulgation-of-implementation-plans-massachusetts-emissions-banking-trading-and)
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