Petroleum Violation Escrow Funds Law and Legal Definition
According to 10 CFR 420.2 [Title 10 – Energy; Chapter II -- Department of Energy; Subchapter D -- Energy Conservation; Part 420 -- State Energy Program; Subpart A -- General Provisions for State Energy Program Financial Assistance], the term petroleum violation escrow funds means “any funds distributed to the States by the Department of Energy or any court and identified as Alleged Crude Oil Violation funds, together with any interest earned thereon by the States, but excludes any funds designated as "excess funds" under section 3003(d) of the Petroleum Overcharge Distribution and Restitution Act, subtitle A of title III of the Omnibus Budget Reconciliation Act of 1986, Public Law 99-509, and the funds distributed under the "Warner Amendment, " section 155 of Public Law 97-377.”
