Federal Reimbursement Ratio [Energy]: A Comprehensive Legal Overview
Definition & Meaning
The federal reimbursement ratio is a calculation used to determine the proportion of federal-related byproduct material present at an active uranium or thorium processing site as of October 24, 1992. This ratio compares the amount of federal-related dry short tons of byproduct material to the total dry short tons at the site on that date. It can also be established through other methods that the Department of Energy finds more accurate for attributing costs of remedial actions to the byproduct material generated from sales to the United States.
Legal Use & context
This term is primarily used in the context of environmental law, particularly regarding the cleanup and remediation of uranium and thorium processing sites. It is relevant in cases involving federal funding for remedial actions, where the reimbursement ratio plays a crucial role in determining the financial responsibilities of the federal government versus other parties involved. Users can manage related legal documentation through tools like US Legal Forms, which provide templates for environmental compliance and reimbursement claims.
Real-world examples
Here are a couple of examples of abatement:
Example 1: A uranium processing site has 100 total dry short tons of byproduct material, of which 60 tons are federal-related. The federal reimbursement ratio would be 60% (60/100).
Example 2: A site is undergoing remediation, and the Department of Energy uses a different method to attribute costs based on sales to the U.S. government, resulting in a revised reimbursement ratio of 70% (hypothetical example).