superfund

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superfund

noun environmental clean-up, Federal program to restore environmentally unsound sites, fund to reclaim the environment, mechanism to fund the environnent, reserve for environment contingenciesGenerally: fund for repairs, reserves for removing wastes
References in periodicals archive ?
The single most important reason for conducting environmental assessments and audits is the effect of the Comprehensive Environmental Response, Compensation and Liability Act of 1980 (CERCLA).
The Vertac Lawsuit, which was initially filed in 1980, and which has been described in the Company's periodic reports filed with the SEC, is a cost-recovery action brought by the United States on behalf of the United States Environmental Protection Agency pursuant to the Comprehensive Environmental Response, Compensation and Liability Act of 1980 for the recovery of costs incurred and to be incurred with respect to the remediation of a facility located in Jacksonville, Arkansas, which was owned by the Company and others at various times.
The act also makes changes to the "innocent land-owner defense" under the federal Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) or Superfund.
Through numerous practice pointers and hypothetical examples, the authors discuss attachment, perfection, enforcement and strict foreclosure of security interests; rules of priority governing competing claims to collateral; trustee avoidance powers under bankruptcy preference law; lender liability under the federal Comprehensive Environmental Response, Compensation and Liability Act (CERCLA); the Bankruptcy Reform Act of 1994, and the 1994 amendments to U.
Enforcement and Initiatives Under the Comprehensive Environmental Response, Compensation and Liability Act

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