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Title 15 Part 990 → Subpart B → §990.25

Title 15 → Subtitle B → Chapter IX → Subchapter E → Part 990 → Subpart B → §990.25

Electronic Code of Federal Regulations e-CFR

Title 15 Part 990 → Subpart B → §990.25

e-CFR data is current as of December 12, 2019

Title 15Subtitle BChapter IXSubchapter EPart 990Subpart B → §990.25


Title 15: Commerce and Foreign Trade
PART 990—NATURAL RESOURCE DAMAGE ASSESSMENTS
Subpart B—Authorities


§990.25   Settlement.

Trustees may settle claims for natural resource damages under this part at any time, provided that the settlement is adequate in the judgment of the trustees to satisfy the goal of OPA and is fair, reasonable, and in the public interest, with particular consideration of the adequacy of the settlement to restore, replace, rehabilitate, or acquire the equivalent of the injured natural resources and services. Sums recovered in settlement of such claims, other than reimbursement of trustee costs, may only be expended in accordance with a restoration plan, which may be set forth in whole or in part in a consent decree or other settlement agreement, which is made available for public review.


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