[Code of Federal Regulations]
[Title 43, Volume 1]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 43CFR29.5]

[Page 470]
 
                    TITLE 43--PUBLIC LANDS: INTERIOR
 
PART 29--TRANS-ALASKA PIPELINE LIABILITY FUND--Table of Contents
 
Sec. 29.5  Officers and employees.

    (a) The Administrator is the Chief Executive Officer of the Fund and 
is responsible for carrying out all executive and administrative 
functions as authorized by the Board of Trustees in accordance with the 
Act including the receipt and verification of fees collected from Owners 
of TAPS oil pursuant to Sec. 29.6(a), the investment of Fund assets in 
securities according to guidelines approved by the Board of Trustees and 
consistent with these regulations, and the disbursement of such assets 
in payment of expenses and approved claims.
    (b) The Fund may employ such other persons as may be necessary to 
carry out its functions.