49 U.S.C. § 60111 — Financial responsibility for liquefied natural gas facilities
submitted 32 years ago by Pub. L. 103-272 to r/title-49-TRANSPORTATION · 138 words · no verdicts yet
If a liquefied natural gas operator lacks enough financial responsibility, the Secretary can send a notice. The operator can request a hearing within 30 days to argue against an order. After the hearing, the Secretary can order a minimum amount if it serves the public interest.
When the Secretary of Transportation believes that an operator of a liquefied natural gas facility does not have adequate financial responsibility for the facility, the Secretary may issue a notice to the operator about the inadequacy and the amount of financial responsibility the Secretary considers adequate.
An operator receiving a notice under subsection (a) of this section may have a hearing on the record not later than 30 days after receiving the notice. The operator may show why the Secretary should not issue an order requiring the operator to demonstrate and maintain financial responsibility in at least the amount the Secretary considers adequate.
After an opportunity for a hearing on the record, the Secretary may issue the order if the Secretary decides it is justified in the public interest.
Source credit: (Pub. L. 103–272, § 1(e), July 5, 1994, 108 Stat. 1317.)
- 1994Enacted · Pub. L. 103-272 · 108 Stat. 1317
A history note hasn’t been published yet. The record shows enactment by Pub. L. 103-272 on 1994-07-05.
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