[Title 40 CFR 60.506]
[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 Xx - Standards of Performance for Bulk Gasoline Terminals]
[Sec. 60.506 - Reconstruction.]
[From the U.S. Government Printing Office]


40PROTECTION OF ENVIRONMENT62009-07-012009-07-01false60.506Sec. 60.506PROTECTION OF ENVIRONMENTENVIRONMENTAL PROTECTION AGENCY (CONTINUED)AIR PROGRAMS (CONTINUED)STANDARDS OF PERFORMANCE FOR NEW STATIONARY SOURCES--Standards of Performance for Bulk Gasoline Terminals
Sec. 60.506  Reconstruction.

    For purposes of this subpart:
    (a) The cost of the following frequently replaced components of the 
affected 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 entirely new 
facility'' under Sec. 60.15: pump seals, loading arm gaskets and 
swivels, coupler gaskets, overfill sensor couplers and cables, flexible 
vapor hoses, and grounding cables and connectors.
    (b) Under Sec. 60.15, the ``fixed capital cost of the new 
components'' includes the fixed capital cost of all depreciable 
components (except components specified in Sec. 60.506(a)) which are or 
will be replaced pursuant to all continuous programs of component 
replacement which are commenced within any 2-year period following 
December 17, 1980. 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.

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