Sec. 201. Definitions
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In this title: The term compliance deficit percentage means the amount of the mandate shortfall divided by the mandated quantity of recycled plastics as determined by Administrator. The term mandate shortfall means, in pounds, the sum of— the total pounds of plastics used in an annual plastics packaging portfolio of a marketer multiplied by the applicable mandate for recycled plastics, less the pounds of recycled plastics actually used, as determined by the Administrator, in such annual plastics packaging portfolio.
The term minimum mandate means the requirement of having a minimum percentage of a plastics packaging portfolio of a marketer that is made of recycled plastics under section 202(a). The term minimum percentage means the percentage that is determined by the Administrator under section 202(b)(2). The term plastics packaging portfolio means a marketer’s total annual portfolio of plastics packaging, including packaging made from virgin and recycled resins sold, marketed, and distributed in the United States.