(1) This section applies if--
(a) all or part of the area of a GHG permit is a potential storage area; and
(b) the declaration of the potential storage area ends more than 12 years after the GHG permit originally took effect.
(2) If the declaration applied to a part of the GHG permit's area, the part ceases to be included in the area.
(3) If the declaration applies to all of the GHG permit's area, the permit ends.