Internal Revenue Code:Sec. 9708. Effect on pending claims or obligations

From TaxAlmanac

Location in Internal Revenue Code

     TITLE 26 - INTERNAL REVENUE CODE
      Subtitle J - Coal Industry Health Benefits
       CHAPTER 99 - COAL INDUSTRY HEALTH BENEFITS
        Subchapter B - Combined Benefit Fund
         PART IV - OTHER PROVISIONS
       

Statute

    Sec. 9708. Effect on pending claims or obligations
 
      All liability for contributions to the Combined Fund that arises
    on and after February 1, 1993, shall be determined exclusively
    under this chapter, including all liability for contributions to
    the 1950 UMWA Benefit Plan and the 1974 UMWA Benefit Plan for coal
    production on and after February 1, 1993. However, nothing in this
    chapter is intended to have any effect on any claims or obligations
    arising in connection with the 1950 UMWA Benefit Plan and the 1974
    UMWA Benefit Plan as of February 1, 1993, including claims or
    obligations based on the ''evergreen'' clause found in the language
    of the 1950 UMWA Benefit Plan and the 1974 UMWA Benefit Plan. This
    chapter shall not be construed to affect any rights of subrogation
    of any 1988 agreement operator with respect to contributions due to
    the 1950 UMWA Benefit Plan or the 1974 UMWA Benefit Plan as of
    February 1, 1993.
 

Sources

    (Added Pub. L. 102-486, title XIX, Sec. 19143(a), Oct. 24, 1992,
    106 Stat. 3051.)