Home > 105th Congressional Bills > H.R. 1211 (ih) For the relief of Global Exploration and Development Corporation, Kerr- McGee Corporation, and Kerr-McGee Chemical Corporation. ...

H.R. 1211 (ih) For the relief of Global Exploration and Development Corporation, Kerr- McGee Corporation, and Kerr-McGee Chemical Corporation. ...


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105th CONGRESS

  1st Session

                               H. R. 1211

_______________________________________________________________________

                                 AN ACT

For the relief of Global Exploration and Development Corporation, Kerr-
        McGee Corporation, and Kerr-McGee Chemical Corporation.
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
105th CONGRESS
  1st Session
                                H. R. 1211

_______________________________________________________________________

                                 AN ACT


 
For the relief of Global Exploration and Development Corporation, Kerr-
        McGee Corporation, and Kerr-McGee Chemical Corporation.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SATISFACTION OF CLAIMS AGAINST THE UNITED STATES.

    (a) Payment of Claims.--The Secretary of the Treasury shall pay, 
out of money not otherwise appropriated--
            (1) to the Global Exploration and Development Corporation, 
        a Florida corporation incorporated in Delaware, $9,500,000;
            (2) to Kerr-McGee Corporation, an Oklahoma corporation 
        incorporated in Delaware, $10,000,000; and
            (3) to Kerr-McGee Chemical Corporation, an Oklahoma 
        corporation incorporated in Delaware, $0.
    (b)  Condition of Payment.--(1) The payment authorized by 
subsection (a)(1) is in settlement and compromise of all claims of 
Global Exploration and Development Corporation, as described in the 
recommendations of the Court of Federal Claims set forth in 36 Fed. Cl. 
776.
    (2) The payment authorized by subsections (a)(2) and (a)(3) are in 
settlement and compromise of all claims of Kerr-McGee Corporation and 
Kerr-McGee Chemical Corporation, as described in the recommendations of 
the Court of Federal Claims set forth in 36 Fed. Cl. 776.

SEC. 2. LIMITATION ON FEES.

    No more than 15 percent of the sums authorized to be paid by 
section 1 shall be paid to or received by any agent or attorney for 
services rendered in connection with the recovery of such sums. Any 
person violating this section shall be fined not more than $1,000.

            Passed the House of Representatives October 7, 1997.

            Attest:

                                                                 Clerk.

Pages: 1

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