50 CFR § 296.1 - Purpose.

---
identifier: "/us/cfr/t50/s296.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "50 CFR § 296.1 - Purpose."
title_number: 50
title_name: "Wildlife and Fisheries"
section_number: "296.1"
section_name: "Purpose."
chapter_name: "NATIONAL MARINE FISHERIES SERVICE, NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, DEPARTMENT OF COMMERCE"
subchapter_number: "K"
subchapter_name: "CONTINENTAL SHELF"
part_number: "296"
part_name: "FISHERMEN'S CONTINGENCY FUND"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Pub. L. 97-212 (43 U.S.C. 1841 )."
regulatory_source: "47 FR 49600, Nov. 1, 1982, unless otherwise noted."
cfr_part: "296"
---


# 296.1 Purpose.

These regulations implement title IV of the Outer Continental Shelf Lands Act Amendments of 1978, as amended (title IV). Title IV establishes a Fishermen's Contingency Fund to compensate commercial fishermen for damage or loss caused by obstructions associated with oil and gas activities on the Outer Continental Shelf.