Common use of Use of Arbitration Clause in Contracts

Use of Arbitration. Arbitration in accordance with regulations promulgated under this subsection may be used as a method of settling claims of the United States where the total response costs for the facility concerned do not exceed $500,000 (excluding interest). After consulta- tion with the Attorney General, the depart- ment or agency head may establish and pub- lish regulations for the use of arbitration or settlement under this subsection.