What does superfund mean?

Definitions for superfund
su·per·fund

This dictionary definitions page includes all the possible meanings, example usage and translations of the word superfund.

Princeton's WordNet

  1. Superfund program, Superfundnoun

    the federal government's program to locate and investigate and clean up the worst uncontrolled and abandoned toxic waste sites nationwide; administered by the Environmental Protection Agency

    "some have intimated that the Superfund's money may have turned into a political slush fund"

Wiktionary

  1. Superfundnoun

    Common name for US: Comprehensive Environmental Response, Compensation, and Liability Act.

  2. superfundnoun

    An investment fund that invests in other investment funds; a fund of funds.

  3. Etymology: A blend of superannuation and fund

Wikipedia

  1. Superfund

    Superfund is a United States federal environmental remediation program established by the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA). The program is administered by the Environmental Protection Agency (EPA). The program is designed to investigate and clean up sites contaminated with hazardous substances. Sites managed under this program are referred to as "Superfund" sites. There are 40,000 federal Superfund sites across the country, and approximately 1,300 of those sites have been listed on the National Priorities List (NPL). Sites on the NPL are considered the most highly contaminated and undergo longer-term remedial investigation and remedial action (cleanups). The EPA seeks to identify parties responsible for hazardous substances released to the environment (polluters) and either compel them to clean up the sites, or it may undertake the cleanup on its own using the Superfund (a trust fund) and seek to recover those costs from the responsible parties through settlements or other legal means. Approximately 70% of Superfund cleanup activities historically have been paid for by the potentially responsible parties (PRPs), reflecting the polluter pays principle. However, 30% of the time the responsible party either cannot be found or is unable to pay for the cleanup. In these circumstances, taxpayers had been paying for the cleanup operations. Through the 1980s, most of the funding came from an excise tax on petroleum and chemical manufacturers. However, in 1995, Congress chose not to renew this tax and the burden of the cost was shifted to taxpayers. Since 2001, most of the cleanup of hazardous waste sites has been funded through taxpayers generally. Despite its name, the program suffered from under-funding, and by 2014 Superfund NPL cleanups had decreased to only 8 sites, out of over 1,200. In November 2021 Congress reauthorized an excise tax on chemical manufacturers. The EPA and state agencies use the Hazard Ranking System (HRS) to calculate a site score (ranging from 0 to 100) based on the actual or potential release of hazardous substances from a site. A score of 28.5 places a site on the National Priorities List, eligible for long-term, remedial action (i.e., cleanup) under the Superfund program. As of March 23, 2022, there were 1,333 sites listed; an additional 448 had been delisted, and 43 new sites have been proposed.The Superfund law also authorizes federal natural resource agencies, primarily EPA, states and Native American tribes to recover natural resource damages caused by hazardous substances, though most states have and most often use their own versions of a state Superfund law. CERCLA created the Agency for Toxic Substances and Disease Registry (ATSDR). The primary goal of a Superfund cleanup is to reduce the risks to human health through a combination of cleanup, engineered controls like caps and site restrictions such as groundwater use restrictions. A secondary goal is to return the site to productive use as a business, recreation or as a natural ecosystem. Identifying the intended reuse early in the cleanup often results in faster and less expensive cleanups. EPA's Superfund Redevelopment Program provides tools and support for site redevelopment.

ChatGPT

  1. superfund

    Superfund is a U.S. federal government program designed to fund the cleanup of sites contaminated with hazardous substances and pollutants. It was established by the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA). The Superfund program has the authority to clean up contaminated sites and force the parties responsible for the contamination to either perform cleanups or reimburse the government for EPA-led cleanup work.

Wikidata

  1. Superfund

    Superfund is the common name for the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, a United States federal law designed to clean up sites contaminated with hazardous substances. Superfund created the Agency for Toxic Substances and Disease Registry, and it provides broad federal authority to clean up releases or threatened releases of hazardous substances that may endanger public health or the environment. The law authorized the Environmental Protection Agency to identify parties responsible for contamination of sites and compel the parties to clean up the sites. Where responsible parties cannot be found, the Agency is authorized to clean up sites itself, using a special trust fund.

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Numerology

  1. Chaldean Numerology

    The numerical value of superfund in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of superfund in Pythagorean Numerology is: 7

Examples of superfund in a Sentence

  1. Rand Paul:

    And they’re being asked to vote for something that we never promised. We promised the American voters that we would repeal ObamaCare. But when you’re keeping half the taxes, most of the regulations and creating a brand new insurance bailout superfund -- that to most people just does n’t sound like repeal.

  2. Christopher Swain:

    How about now that we have it on the 'Superfund' list, we turn the Gowanus Canal into a jewel, it could be something amazing. Carving through the most expensive real estate in this world.

  3. Laura Skaer:

    The states have approved more than 3,300 mining plans since 1990, and zero [of them] caused a Superfund problem nor were identified as a CERCLA NPL site.

  4. Rand Paul:

    I think a large part of the frustration in our caucus is that this bill no longer is repeal, and they’re being asked to vote for something that we never promised. We promised the American voters that we would repeal ObamaCare. But when you’re keeping half the taxes, most of the regulations and creating a brand new insurance bailout superfund -- that to most people just does n’t sound like repeal.

  5. Joshua Cheng:

    The lead levels found in Brooklyn backyards are often similar to areas where there has been past lead smelting activity, they’re comparable to Superfund sites.

Popularity rank by frequency of use

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Translations for superfund

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"superfund." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/superfund>.

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