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Saturday, August 8, 2020 | History

1 edition of COAST GUARD PAYMENTS FROM OIL SPILL LIABILITY TRUST FUND, U.S.GAO, OCTOBER 30,1995. found in the catalog.

COAST GUARD PAYMENTS FROM OIL SPILL LIABILITY TRUST FUND, U.S.GAO, OCTOBER 30,1995.

COAST GUARD PAYMENTS FROM OIL SPILL LIABILITY TRUST FUND, U.S.GAO, OCTOBER 30,1995.

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Published .
Written in English


Edition Notes

ContributionsUnited States. General Accounting Office.
ID Numbers
Open LibraryOL15516741M

Although major oil spills do not occur frequently, the federal oil spill liability trust fund should be increased to cover higher cleanup costs, the US Government Accountability Office said in a. History of the Fund In August , when President George H. W. Bush signed the Oil Pollution Act (OPA) into law and authorized use of the Oil Spill Liability Trust Fund (OSLTF), the Fund was already four years old. Congress created the Fund in , but .

A short and seemingly innocuous law, S. , has the potential to radically change the dynamics of the spill compensation process — expediting payments to damaged parties and greatly increasing. The House, Senate and White House may be close to passing a bill that would provide pay for the U.S. Coast Guard beginning February 1. According to Rep. Bradley Byrne (R-AL), congressional.

Get this from a library! Coast Guard: Oil Spill Liability Trust Fund not being used to pay all allowable costs: report to congressional committees. [United States. General Accounting Office.]. Administer the Oil Spill Liability Trust Fund Provide funding for oil removal activities and the initiation of NRDA related to oil discharges Pay claims for loss and damage from oil discharges Recover costs from RPs CERCLA funding manager for the Coast Guard Stafford Act funding for USCG for pollution response during disasters Administer the.


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COAST GUARD PAYMENTS FROM OIL SPILL LIABILITY TRUST FUND, U.S.GAO, OCTOBER 30,1995 Download PDF EPUB FB2

The Coast Guard requested a decision on whether it could use the Oil Spill Liability Trust Fund to reimburse natural resources trustees for damage assessments. GAO held that the trustees may be reimbursed under subsection (a)(2) of the Oil Pollution Act (OPA) within the limitations provided under section of OPA.

Matter of: U.S. Coast Guard -Oil Spill Liability Trust Fund File: B Date: Octo DIGEST Coast Guard asks whether it may reimburse natural resources trustees directly from the Oil Spill Liability Trust Fund (Fund) under subsection (a)(4) of the Oil Pollution Act (OPA) or whether such reimbursements may only be made, subject to.

The U.S. Coast Guard's National Pollution Funds Center (NPFC) has responsibility for disbursements from the OCTOBER 30,1995. book Spill Liability Trust Fund (Fund).The Fund enables the Coast Guard and the Environmental Protection Agency (EPA) to respond to oil spills.

The Oil Pollution Act of (OPA) authorizes the Fund to pay for certain damage claims and oil removal costs. The Oil Pollution Act established a no-year appropriation for payment from the Trust Fund of uncompensated claims for damages and removal costs arising from oil spills.

It also authorized annual appropriations, not to exceed $25 million per year, to be derived from the Trust Fund, for payment of the Coast Guard's "operating expenses" under the Act. The per-barrel tax to finance the Oil Spill Liability Trust Fund is addressed at section of the Internal Revenue Code (26 U.S.C.

The tax applies to crude oil received at a United States (US) refinery and to petroleum products entered into the US for consumption, use, or warehousing.

Spill Response Funding. Responding to oil spills involves coordinated efforts by the Coast Guard and EPA Federal Onscene Coordinators (FOSCs), other Federal agencies, state and local governments, the responsible party (RP), and Oil Spill Response Organizations (OSROs).

This page provides guidance, forms, and tools for Coast Guard and EPA FOSCs, as well as other members of the response.

Document your costs and damages from the spill. (See the Types of Claims table below for a list of the kind of claims you can submit.) Forward your claims package to the National Pollution Funds Center, the Coast Guard office responsible for evaluating and approving OPA claims.

Mailing address: Commanding Officer (Staff Symbol) U.S. Coast Guard Pay & Personnel Center S. Quincy St. Topeka, KS Telephone () Coast Guard Mutual Assistance (CGMA) is the official military relief society for the U.S.

Coast Guard (USCG). Providing financial, and educational assistance to the men and women of the Coast Guard. [House Report –, st Congress, 2d Session, provided that: “The conferees direct the Coast Guard to submit quarterly reports to the House and Senate Committee on Appropriations detailing and summarizing all transfers to and expenditures from the oil spill liability trust fund.

Each report shall account for each transfer to and expenditure from the fund as authorized by Section Pursuant to a legislative requirement, GAO reported on the: (1) Oil Spill Liability Trust Fund's receipts and disbursements as of Ma ; and (2) status of activities under way to fully implement Oil Pollution Act of (OPA) provisions regarding the found that: (1) as of Mathe Oil Spill Liability Trust Fund had reached more than half of its $1-billion limit.

US Coast Guard Oil Spill Liability Trust Fund Overview. Oil Spill Liability Trust Fund (OSLTF) Principal Fund $2B+ Emergency Fund $50M S Agency Appropriations S Claims S Tax collections, recoveries, fines, penalties, interest S Removal actions w Connection to oil spill w Pictures.

Oil Spill Liability Trust Fund 70X Income Statement - Draft Unaudited October 1, Through Decem Period Name:DEC/ Fund:TFMTFXXXX Project: Revenue Type USSGL Ussgl Description Cost Center Cost Center Description Activity Ending Balance INCOME TAX REVENUE COLLECTED TFM EXCISE TAXESCoast Guard.

The Coast Guard Authorization Act of (Pub. § ) directs the Commandant to submit the list of disbursements of $, or more from the Oil Spill Liability Trust Fund (OSLTF) and a description of how such funds were used.

Pursuant to Congressional requirements, this report is being provided to. Oil Spill Liability Trust Fund 20X Balance Sheet - Draft Unaudited Ma Period Name:MAR/ Fund:TFMTFXXXX Project: Account Type Account Description Ending Balance ASSETS FUND BALANCE WITH TREASURY INTEREST RECEIVABLE 6, INVESTMENTS IN U.S.

TREASURY SECURITIES ISSUED BY THE BUREAU OF THE PUBLIC. Under the Federal Water Pollution Control Act, the Coast Guard will access the Oil Spill Liability Trust Fund and assume authority for containing and disposing the oil.

In November, the Coast Guard contracted a specialized team to conduct a comprehensive site survey, fabricate a containment system, and install it at the source to start. U.S. Coast Guard discusses Oil Spill Liability Trust Fund MarEx attends US Coast Guard briefing on the “Oil Spill Liability Trust Fund of ” Tom Morrison, Chief of Claims Division and Tim.

Coast Guard Enlisted Basic Pay Rates This pay table is used to determine the monthly basic pay for enlisted servicemembers in the Coast Guard. To determine your pay rate, first choose your paygrade (from E-1 to E-9) and then find the row that corresponds with your number of years' experience in the Coast can also use our Coast Guard Pay Calculator to calculate pay and allowances.

The Coast Guard's National Pollution Fund Center can review any claim that has been denied or has gone more than 90 days without being settled by the responsible party. In this case, the party can.

By clicking on the send button, you are agreeing to send the above information to Customer Service for troubleshooting purposes. This information will assist us in resolving issues you may be experiencing. Your information will not be shared or used for any other purpose.

The Exxon Valdez oil spill led to questions in Congress regarding oil spill policy issues, including oil spill response, liability, and compensation. The Oil Pollution Act of (OPA, P.L. ) established a new federal oil spill liability framework, replaced existing federal liability frameworks, and amended the Clean Water Act oil.Oil Spill Liability Trust Fund In Augustwhen President George H.

W. Bush signed the Oil Pollution Act (OPA) into law and authorized use of the Oil Spill Liability Trust Fund (OSLTF). The Fund was created inbut Congress did not pass legislation to authorize the use of the money or the collection of revenue necessary for its.In Aprila Pay Statement was sent to every retiree, annuitant, and former spouse, even those not receiving pay from the Coast Guard.

We wanted to notify you that we still have you on our rolls and that your pay is being offset or waived due to receipt of VA or Social Security benefits.