Oil Pollution Liability: Hearings Before the Subcommittee on Coast Guard and Navigation of the Committee on Merchant Marine and Fisheries, House of Representatives, Ninety-fifth Congress, First Session ...

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Page 1 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 1 - Treasury is authorized and directed to purchase any notes and other obligations issued hereunder and for that purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...
Page 39 - Act, no person may be required to contribute to any fund, the purpose of which is to pay compensation for claims for any costs of response or damages or claims which may be compensated under this title.
Page 1 - The interest on, and the proceeds from the sale or redemption of, any obligations held in the Fund shall be credited to and form a part of the Fund.
Page 1 - States. (b) If at any time the moneys in the fund are insufficient to make payments in connection with the default of any loan insured under this part, the Commissioner is authorized to issue to the Secretary of the Treasury...
Page 188 - President supports the concepts underlying the International Convention on Civil Liability for Oil Pollution Damage, 1969, and the International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage...
Page 9 - Any other funds received by the United States under this section shall also be deposited in said fund for such purposes. All sums appropriated to, or deposited in, said fund shall remain available until expended.
Page 186 - This legislation is designed to replace the present fragmented, overlapping systems of federal and state liability laws and compensation funds. It will also create a $200 million fund to clean up oil spills and compensate victims for oil pollution damages. • IMPROVEMENT of federal ability to respond to oil pollution emergencies. I have directed the appropriate federal agencies, particularly the Coast Guard and the Environmental Protection Agency, in cooperation with state and local governments...
Page 4 - ... vessels could be subjected. Financial responsibility may be established by any one of, or a combination of, the following methods acceptable to the President: (A) evidence of insurance, (B) surety bonds, (C) qualification as a self-insurer, or (D) other evidence of financial responsibility.

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