Hazardous Substance Superfund
Creation of Trust Fund
There is established in the Treasury of the United States a trust fund to be known as the “Hazardous Substance Superfund” (hereinafter in this section referred to as the “Superfund”), consisting of such amounts as may be—
appropriated to the Superfund as provided in this section,
appropriated to the Superfund pursuant to section 517(b) of the Superfund Revenue Act of 1986, or
credited to the Superfund as provided in section 9602(b).
Transfers to Superfund
There are hereby appropriated to the Superfund amounts equivalent to—
the taxes received in the Treasury under section 59A, 4611, 4661, or 4671 (relating to environmental taxes),
amounts recovered on behalf of the Superfund under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (hereinafter in this section referred to as “CERCLA”),
all moneys recovered or collected under section 311(b)(6)(B) of the Clean Water Act,1
penalties assessed under title I of CERCLA, and
punitive damages under section 107(c)(3) of CERCLA.
In the case of the tax imposed by section 4611, paragraph (1) shall apply only to so much of such tax as is attributable to the Hazardous Substance Superfund financing rate under section 4611(c).
Expenditures from Superfund
In general
Amounts in the Superfund shall be available, as provided in appropriation Acts, only for purposes of making expenditures—
to carry out the purposes of—
paragraphs (1), (2), (5), and (6) of section 111(a) of CERCLA as in effect on the date of the enactment of the Superfund Amendments and Reauthorization Act of 1986,
section 111(c) of CERCLA (as so in effect), other than paragraphs (1) and (2) thereof, and
section 111(m) of CERCLA (as so in effect), or
hereafter authorized by a law which does not authorize the expenditure out of the Superfund for a general purpose not covered by subparagraph (A) (as so in effect).
Exception for certain transfers, etc., of hazardous substances
No amount in the Superfund or derived from the Superfund shall be available or used for the transfer or disposal of hazardous waste carried out pursuant to a cooperative agreement between the Administrator of the Environmental Protection Agency and a State if the following conditions apply—
the transfer or disposal, if made on
the transfer is to a facility for which a final permit under section 3005(a) of the Solid Waste Disposal Act was issued after
the transfer is from a facility identified as the McColl Site in Fullerton, California.
Authority to borrow
In general
Limitation on aggregate advances
Repayment of advances
In general
Final repayment
Rate of interest
Liability of United States limited to amount in Trust Fund
General rule
Coordination with other provisions
Order in which unpaid claims are to be paid
Source
(Added Pub. L. 99–499, title V, § 517(a),Notes
References in Text
Amendments
Effective Date of 1986 Amendment
Effective Date
In general.—
The amendments made by this section [enacting this section, amending section 9601 of Title 42, The Public Health and Welfare, and repealing sections 9631 to 9633 of Title 42] shall take effect on
Superfund treated as continuation of old trust fund.—
The Hazardous Substance Superfund established by the amendments made by this section shall be treated for all purposes of law as a continuation of the Hazardous Substance Response Trust Fund established by section 221 of the Hazardous Substance Response Revenue Act of 1980 [former 42 U.S.C. 9631]. Any reference in any law to the Hazardous Substance Response Trust Fund established by such section 221 shall be deemed to include (wherever appropriate) a reference to the Hazardous Substance Superfund established by the amendments made by this section.”
Authorization of Appropriations
1987, $250,000,000,
1988, $250,000,000,
1989, $250,000,000,
1990, $250,000,000,
1991, $250,000,000, and [sic]
1992, $250,000,000,
1993, $250,000,000,
1994, $250,000,000, and
1995, $250,000,000,
plus for each fiscal year an amount equal to so much of the aggregate amount authorized to be appropriated under this subsection (and paragraph (2) of section 221(b) of the Hazardous Substance Response Act of 1980 [probably means section 221(b)(2) of the Hazardous Substance Response Revenue Act of 1980, which was classified to 42 U.S.C. 9631(b)(2) before its repeal by section 517(c)(1) of Pub. L. 99–499], as in effect before its repeal) as has not been appropriated before the beginning of the fiscal year involved.”