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Superfund

Superfund

superfund
1.The program that funds and administers the cleanup of hazardous-waste sites through a trust fund (financed by taxes on petroleum and chemicals and a new tax on corporations) created to pay for cleanup pending reimbursement from the liable parties
2.The popular name for for the act that established this program - the Comprehensive Environmental Response, Compensation and Liability Act of 1980 (CERCLA).
(Black's Law Dictionary 8th ed., © 2004 West Publishing)