[Code of Federal Regulations]

[Title 15, Volume 3]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 15CFR990.25]



[Page 384]

 

                  TITLE 15--COMMERCE AND FOREIGN TRADE

 

CHAPTER IX--NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, DEPARTMENT 

                               OF COMMERCE

 

PART 990_NATURAL RESOURCE DAMAGE ASSESSMENTS--Table of Contents

 

                          Subpart B_Authorities

 

Sec. 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.