Oil and Gas and Sulphur Operations in the Outer Continental Shelf and Oil Spill Financial Responsibility for Offshore Facilities-Civil Penalties
oil-gas-leasing · Bureau of Land Management · Published 2007-02-28 · Effective 2007-03-30 · 72 FR 8897
Document
Document number
E7-3427
Federal Register citation
72 FR 8897
CFR reference
30 CFR 250
Type
Rule
Action
Final rule.
Category
oil-gas-leasing
Sub-agency
Bureau of Land Management
Publication date
2007-02-28
Effective date
2007-03-30
Abstract
The MMS is required to review the maximum daily civil penalty assessment allowable under 43 U.S.C. 1350 at least once every 3 years for the purpose of adjusting this amount in accordance with the Consumer Price Index (CPI) as prepared by the Bureau of Labor Statistics, Department of Labor. The same review and adjustment process is required every 4 years for the maximum daily civil penalty assessment allowable under 33 U.S.C. 2716a. The intended effect is for punitive assessments to keep up with inflation.