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Saturday, July 25, 2020 | History

2 edition of Financing superfund found in the catalog.

Financing superfund

James A. Utermark

Financing superfund

dollars and sense : staff report to the chairman, New York State Joint Legislative Commission on Toxic Substances and Hazardous Wastes

by James A. Utermark

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Published by The Commission in Albany, N.Y. (Legislative Office Bldg., Albany 12247) .
Written in English

    Places:
  • New York (State)
    • Subjects:
    • Hazardous waste sites -- Government policy -- New York (State),
    • Refuse and refuse disposal -- New York (State) -- Finance.,
    • Soil pollution -- Law and legislation -- New York (State)

    • Edition Notes

      Statementprincipal author, James A. Utermark, Jr.
      ContributionsNew York (State). Legislature. Joint Legislative Commission on Toxic Substance and Hazardous Wastes.
      Classifications
      LC ClassificationsHD4484.N7 U86 1991
      The Physical Object
      Pagination33 p. :
      Number of Pages33
      ID Numbers
      Open LibraryOL1360453M
      LC Control Number92620624

        Superfund was initially paid for by taxes on crude oil, chemicals and the companies that created the toxic waste sites. But those taxes expired in , leaving states strapped to find the money. Originally published in , Analyzing Superfund outlines the key issues of the superfund reauthorization debate in the United States. The Superfund law faced criticism for being wasteful, inefficient and expensive. These papers sought to shed light .

      Community Relations Handbook Contents CONTENTS NOTICE " EXHIBITS «PREFACE xiii CHAPTER 1: INTRODUCTION: COMMUNITY RELATIONS IN SUPERFUND 1 THE PROGRAM AND ITS OBJECTIVES 1 BACKGROUND 2 HOW TO USE THIS HANDBOOK 2 CHAPTER 2: COMMUNITY RELATIONS REQUIREMENTS AND POLICIES 5 REQUIREMENTS FOR .   The Environmental Protection Agency (EPA) estimates that one in four Americans lives within 3 miles of a hazardous waste site. To clean up these highly contaminated sites, the Congress established the Superfund program under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) in EPA, the principal agency responsible for administering the .

      Dam Failure Threatens a Dow Chemical Complex and Superfund Cleanup. Floodwaters surged toward Midland, Mich., and one of the nation’s most extensive toxic cleanup sites, raising concerns of a. Real Estate Finance Basics • Introduction to Leverage 14 Discussion Notes: Discuss the use of pro formas. What information is included in a pro forma. Discuss this simple pro forma. If the cap rate is higher, the project value is lower. The cap rate reflects risk. If property is held and rents goFile Size: 1MB.


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Financing superfund by James A. Utermark Download PDF EPUB FB2

In addition to problems with Superfund financing, liability, and site clean-up priorities, the central predicament is that risk experts and the public disagree over the severity of Superfund site risks. The resulting policy stalemate, argues John Hird, is as unnecessary as it is counterproductive.

Now, in the first book to discuss Superfund Format: Paperback. Get this from a library. Financing superfund: dollars and sense: staff report to the chairman, New York State Joint Legislative Commission on Toxic Substances and Hazardous Wastes.

[James A Utermark; New York (State). Legislature. Joint Legislative Commission on. Superfund program, and evaluates the existing financing sources using criteria of equity, efficiency, and admin- istrability. This analysis leads to a fuller discussion of the problem of costly liti- gation under Superfund, and includes a.

A major challenge for Superfund cleanups is the failure to reauthorize Superfund taxes that expired inwhich caused the program to rely on annual budget appropriations for federally funded. Get this from a library. Financing superfund book Background and issues relating to the reauthorization and financing of the Superfund: scheduled for hearings before the Committee on Finance on April 25 [United States.

Congress. Senate. Committee on Finance.; United States. Congress. Joint Committee on. The Hardrock Mining and Mineral Processing Industry. On December 1, EPA announced its decision not to issue final regulations for financial responsibility requirements for the hardrock mining and mineral processing facilities.

After careful analysis of public comments, the statutory authority, and the record for this rulemaking, EPA concluded the degree and duration of risk associated.

What is Superfund. Thousands of contaminated sites exist nationally due to hazardous waste being dumped, left out in the open, or otherwise improperly managed.

These sites include manufacturing facilities, processing plants, landfills and mining sites. Restore the Hazardous Substance Superfund financing rate. Increase the rate from cents to cents per barrel of crude oil, with the rate being adjusted for inflation after Restore and increase tax rates on taxable chemicals, with rates being adjusted for inflation after   Funding The Superfund Interactive Map: As part of the economic stimulus package, the Environmental Protection Agency plans to spend about $ million on cleanup of.

Who finances the EPA’s Superfund. A) a congressional agency formed under President Theodore Roosevelt. B) the US government and companies that pollute. C) the Sierra Club and companies that pollute. D) an organization representing the fishing and oil industries.

The CORRECT answer is (A) unlock 2 votes 2 votes Rate. Rate. superfund, cercla, b, mining, policy, guidance. Section (b) of the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA, or Superfund) gives EPA the authority to require that classes of facilities establish and maintain evidence of financial responsibility.

Placement on the list make the costly cleanups eligible for up-front financing from the Superfund, while the government then seeks reimbursement from companies or. Superfund sites are polluted locations in the United States requiring a long-term response to clean up hazardous material contaminations.

They were designated under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) of CERCLA authorized the United States Environmental Protection Agency (EPA) to create a list of such locations, which are placed on the.

In addition, financing is likely to revert to seller financing when environmental risk and liability are present.

Furthermore, the Superfund liability provisions have led to the mitigation of environmental degradation in the acquiring of commercial properties with minor environmental problems while those with more substantial problems may not 5/5(1).

Alternative Titles: CERCLA, Comprehensive Environmental Response, Compensation, and Liability Act Superfund, U.S. government fund intended to pay for the cleanup of hazardous-waste dump sites and spills. The act creating it called for financing by a combination of general revenues and taxes on polluting industries.

Superfund Fact Book Summary The Superfund program is the principal federal effort for cleaning up hazardous waste sites and protecting public health and the environment from releases of hazardous substances. The Comprehensive Environmental Response, Compensation, and Liability Act of (CERCLA) established the program, and the Superfund Amendments and Reauthorization Act of.

The United States federal Superfund law is officially known as the Comprehensive Environmental Response, Compensation, and Liability Act of (CERCLA). The federal Superfund program, administered by the U.S. Environmental Protection Agency (EPA) is designed to investigate and clean up sites contaminated with hazardous substances.

Sites managed under this program are referred to as Enacted by: the 96th United States Congress. Originally published inAnalyzing Superfund outlines the key issues of the superfund reauthorization debate in the United States. The Superfund law faced criticism for being wasteful, inefficient and expensive.

These papers sought to shed light on this argument in relation to clean-up standards, the liability regime, transaction costs and natural resource by: Originally published inAnalyzing Superfund outlines the key issues of the superfund reauthorization debate in the United States.

The Superfund law faced criticism for being wasteful, inefficient and expensive. These papers sought to shed light on this argument in relation to. EPA’s Superfund program is responsible for cleaning up some of the nation’s most contaminated land and responding to environmental emergencies, oil spills and natural disasters.

To protect public health and the environment, the Superfund program focuses on making a visible and lasting difference in communities, ensuring that people can live.

The Superfund amendments in authorized the Trust Fund at $ billion. In Novembera third authorization added $ billion. Superfund expects to spend an additional $19 billion to clean up sites now on the NPL, according to the FY Annual Report to Congress.United States Government Accountability Office GAOR Superfund Funding and Costs Washington, DC J Congressional Requesters Subject: Superfund: Funding and Reported Costs of Enforcement and Administration Activities The Environmental Protection Agency (EPA) estimates that one in four Americans lives within.our second major study on alternative Superfund financing schemes: Footing the Bill for Superfund Cleanups: Who Pays and How?

This book is an examination of the financial implications of alternative Superfund liability schemes and tax mechanisms, which Dr. Portney and I coauthored with Don Fullerton of the University of Texas and Robert.