Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the Spill Fund?

fund spill
0
Posted

What is the Spill Fund?

0

A1. The Spill Fund (N.J.A.C. 7:1J et seq.) was established by the New Jersey Legislature when it enacted the Spill Compensation and Control Act (Spill Act) in 1976 (N.J.S.A. 58:10-23.11 et seq.). A courtesy copy of the rules and regulations can be viewed and downloaded at: www.state.nj.us/dep/srp/regs/spillfund/. A copy of the Spill Act may also be reviewed at the State Library or some other libraries. The purpose of the Spill Compensation Fund (Spill Fund) is to provide compensation for damages to property and persons resulting from the discharge of hazardous substances, including all cleanup and removal costs and all direct and indirect damages arising in connection with a discharge of a hazardous substance. However, if a responsible party is identified or known, then they remain strictly liable for all cleanup and removal costs. Spill Fund revenues are generated primarily from a tax on the initial transfer of each barrel of petroleum and other hazardous substances from major facilit

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123