Superfund To Run Out Of Money

GAO Reports Superfund To Run Out Of Money:

The General Accounting Office (GAO) has issued a report that shows the EPA's
fund for cleaning up hazardous waste sites, known as Superfund, will be
depleted by the end of the 2003 fiscal year. CERCLA established the
Superfund program in 1980, and traditionally used a combination of taxes on
chemical and petroleum industries and congressional appropriations to fund
the cleanup of sites identified by the EPA's National Priorities List (NPL).
The GAO reports that as a result of an ever-growing NPL and a funding shift
toward general revenues, the fund will have a deficit of $4 million by the
end of fiscal year 2003.