A Fee Collection Mechanism for the Oil Pollution Liability and Compensation Legislation.
Abstract
The Presidential Initiatives for the reduction of oil pollution of our nation's waters (17 March 1977) mandated 'a study of the fee collection mechanism for the comprehensive oil pollution fund'. The proposed legislation creates a $200 M fund called 'Superfund' to cover clean up costs and to compensate victims for damages from oil pollution. The fund will be sustained by a fee not to exceed $.03 per barrel on all oil domestically produced and imported. Separate collection schemes are required for domestic crude oil, imported crude oil and products, and exported crude oil. Existing reporting and collection mechanisms would be modified to accommodate this fee collection mechanism. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 01, 1978
- Accession Number
- ADA061403
Entities
People
- Maryann B. Froehlich
- Michael W. Christensen