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15 U.S.C. § 4502 — Identification and disbursement of restitutionary amounts

submitted 40 years ago by Pub. L. 99-509 to r/title-15-COMMERCE-AND-TRADE · 262 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section requires later Department of Energy statements and court orders to follow this chapter, while preserving one specified settlement. It repeals subsections (b) through (d) and requires equitable allocation of the remaining direct-restitution escrow.

(a) Subject to paragraph (2), every ruling, policy, or other statement, including an administrative order or settlement, issued after October 21, 1986 by a Department of Energy office, official, or employee, and every court order, including a declaratory judgment, issued after that date, must be consistent with this chapter. (2) This does not affect the settlement approved July 7, 1986 in the specified stripper-well litigation in the United States District Court for the District of Kansas. (b) to (d) Repealed. (e) Subsections (b), (c), and (d) are repealed and rights that may have arisen are extinguished on enactment of the Department of the Interior and Related Agencies Appropriations Act, 1999. After that date, funds available for direct restitution to current and future refined-petroleum-product claimants are reduced by the amounts that Act identifies as coming from section 4501(d) escrow. The Secretary must ensure that the remaining escrow for direct restitution of those claims is distributed equitably among claimants.

the actual law source: uscode.house.gov ↗public domain
(a) In general
(1)

Subject to paragraph (2)—

(A)

all rulings, policies, or other statements (including any administrative order or settlement agreement) issued after October 21, 1986, by any office, official, or employee of the Department of Energy; and

(B)

all orders, including declaratory judgments, issued by any court after October 21, 1986,

shall be consistent with the provisions of this chapter.

(2)

Nothing in this section shall affect the settlement approved on July 7, 1986, in In Re: the Department of Energy Stripper Well Exemption Litigation, M.D.L. No. 378, in the United States District Court for the District of Kansas.

(b) to (d) Repealed. Pub. L. 99–509, title III, § 3003(e), as added Pub. L. 105–277, div. A, § 101(e) [title III, § 337], Oct. 21, 1998, 112 Stat. 2681–231, 2681–295

(e) Repeal of subsections (b) to (d); equitable distribution of escrow remainder to claimants

Subsections (b), (c), and (d) of this section are repealed, and any rights that may have arisen are extinguished, on the date of the enactment of the Department of the Interior and Related Agencies Appropriations Act, 1999. After that date, the amount available for direct restitution to current and future refined petroleum product claimants under this chapter is reduced by the amounts specified in title II of that Act as being derived from amounts held in escrow under section 4501(d) of this title. The Secretary shall assure that the amount remaining in escrow to satisfy refined petroleum product claims for direct restitution is allocated equitably among the claimants.

Source credit: (Pub. L. 99–509, title III, § 3003, Oct. 21, 1986, 100 Stat. 1882; Pub. L. 105–277, div. A, § 101(e) [title III, § 337], Oct. 21, 1998, 112 Stat. 2681–231, 2681–295.)

history & why it existsrecord from the source credit
  • 1986Enacted · Pub. L. 99-509 · 100 Stat. 1882
  • 1998Amended · Pub. L. 105-277 · 112 Stat. 2681

A history note hasn’t been published yet. The record shows enactment by Pub. L. 99-509 on 1986-10-21.

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