legislation: 105-s-1523

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
105-s-1523 105 s 1523 A bill to allow for the investment of joint Federal and State funds from the civil settlement of damages from the Exxon Valdez oil spill. Law 1997-11-12 1998-06-03 Referred to Subcommittee on Oversight and Courts. Senate Sen. Murkowski, Frank H. [R-AK] AK R M001085 1 Authorizes the deposit, upon joint motion of the United States and the State of Alaska, and the issuance of an appropriate order by the United States District Court for the District of Alaska, of the joint trust funds or any portion thereof, including any interest accrued thereon, received or to be received by the United States and Alaska under the Agreement and Consent decree issued in United States v. Exxon Corporation (i.e., the Exxon Valdez oil spill consent decree), in appropriate accounts outside the Court Registry, including the Natural Resource Damage Assessment and Restoration Fund. Allows any interest accrued under the authority of this Act to be used only for grants for marine research and monitoring (including applied fisheries research) and for community and economic restoration projects (including projects proposed by the fishing industry and facilities). Authorizes the Federal trustees to administer such grants. Terminates the authority provided in this Act on September 30, 2002, unless by September 30, 2001, the trustees have submitted to the Congress a proposal to authorize in Federal statute a board to administer funds invested, interest received, and grants awarded from such interest. 2025-07-21T19:32:26Z  

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