[Title 40 CFR 60.488]
[Code of Federal Regulations (annual edition) - July 1, 2009 Edition]
[Title 40 - PROTECTION OF ENVIRONMENT]
[Chapter I - ENVIRONMENTAL PROTECTION AGENCY (CONTINUED)]
[Subchapter C - AIR PROGRAMS (CONTINUED)]
[Part 60 - STANDARDS OF PERFORMANCE FOR NEW STATIONARY SOURCES--]
[Subpart Vv - Standards of Performance for Equipment Leaks of VOC in the]
[Sec. 60.488 - Reconstruction.]
[From the U.S. Government Printing Office]


40PROTECTION OF ENVIRONMENT62009-07-012009-07-01false60.488Sec. 60.488PROTECTION OF ENVIRONMENTENVIRONMENTAL PROTECTION AGENCY (CONTINUED)AIR PROGRAMS (CONTINUED)STANDARDS OF PERFORMANCE FOR NEW STATIONARY SOURCES--Standards of Performance for Equipment Leaks of VOC in the
Sec. 60.488  Reconstruction.

    For the purposes of this subpart:
    (a) The cost of the following frequently replaced components of the 
facility shall not be considered in calculating either the ``fixed 
capital cost of the new components'' or the ``fixed capital costs that 
would be required to construct a comparable new facility'' under Sec. 
60.15: pump seals, nuts and bolts, rupture disks, and packings.
    (b) Under Sec. 60.15, the ``fixed capital cost of new components'' 
includes the fixed capital cost of all depreciable components (except 
components specified in Sec. 60.488 (a)) which are or will be replaced 
pursuant to all continuous programs of component replacement which are 
commenced within any 2-year period following the applicability date for 
the appropriate subpart. (See the ``Applicability and designation of 
affected facility'' section of the appropriate subpart.) For purposes of 
this paragraph, ``commenced'' means that an owner or operator has 
undertaken a continuous program of component replacement or that an 
owner or operator has entered into a contractual obligation to undertake 
and complete, within a reasonable time, a continuous program of 
component replacement.

[49 FR 22608, May 30, 1984]