Indiana Law Review Indiana Laiv Revieiv Volume 10 1977 Number 5 Copyright * 1977 by the Trustees of Indiana University r k ARTICLE The Authority of a Labor Arbitrator to Decide Legal Issues Under a Collective Bargaining Contract: The Situation After Alexander v. Gardner-Denver Marvin Hill, Jr. 899 NOTES Federal Clean Air Policy: Its Uncertain Foundations 931 The Indiana Environmental Protection Agencies: A Survey and Critique 955 An Analysis of Corporate Transactions Involving Net Operating Loss Benefits 979 Volume 10 June 1977 Number 5 The INDIANA LAW REVIEW is the property of Indiana University and is published five times yearly, December, January, March, April, and June, by the Indiana University School of Law—Indianapolis which assumes complete editorial responsibility therefor. Subscription rates: one year, $12.50; three years, $35.00; five years, $50.00; foreign, $14.00. Single copies: annual Survey Issue, $6.00; other issues, $3.50. Back issues, volume 1 through volume 8, number 1, are available from Fred B. Rothman & Co., 57 Leuning Street, South Hackensack, New Jersey 07606. Please notify us one month in advance of any change of address and include both old and new addresses with zip codes to ensure delivery of all issues. Send all correspondence to Business Manager, Indiana Law Review. Indiana University School of Law—Indianapolis, 735 West New York Street, Indianapolis, Indiana 46202. Publication office: 735 West New York Street. Indianapolis, Indiana 46202. Second class i>ostage paid at Indianapolis, Indiana 46201. Indiana University School of l.a^;v-—Indianapolis 1976-1977 ADMINISTRATIVE OFFICERS AND FACULTY John W. Ryan, Ph. D., President of the University Glenn W. Irwin, Jr., M.D., Vice President of the University William F. Harvey, LL.M., Dean, Indiana University School of Law—Indian- apolis G. Kent Frandsen, J.D., Assistant Dean, Indiana University School of Law— Indianapolis Thomas B. Allington, LL.M. (New York University, 1971), Professor Edward P. Archer, LL.M. (Georgetown University, 1964), Professor Charles W. Ardery, Jr., LL.B., (University of Michigan, 1967), Adjunct Professor James F. Bailey, III, J.D., M.A.L.S. (University of Michigan, 1964, 1970), Director of Library and Associate Professor Agnes Barrett, J.D. (Indiana University, 1964), Associate Professor Gerald L. Bepko, LL.M. (Yale University, 1972), Professor Bernard J. Boyle, LL.D. (DePaul University, 1949), Lecturer Kenneth P. Cohen, LL.M. (Yale University, 1976), Assistant Professor Clyde H. CROCKErr, LL.M. (The London School of Economics, 1972), Asso- ciate Professor Robert F. Dugan, M.C.L. (University of Chicago, 1969), Associate Professor (on leave, 1976-77) Debra a. Falender, J.D. (Indiana University, 1975), Assistant Professor Cleon H. Foust, J.D. (University of Arizona, 1933), Professor (on loan, 1976-77) G. Kent Frandsen, J.D. (Indiana University, 19^5), Assistant Dean and Associate Professor David A. Funk, LL.M. (Columbia University, 1973), Professor Paul J. Galanti, J.D. (University of Chicago, 1963), Professor Helen P. Garfieu), J.D. (University of Colorado, 1967), Associate Professor Alan H. Goldstein, J.D. (Indiana University, 1969), Lecturer John S. Grimes, J.D. (Indiana University, 1931), Professor of Jurisprudence Jeffrey W. Grove, J.D. (George Washington University, 1969), Associate Professor William F. Harvey, LL.M. (Georgetown University, 1961), Dean and Pro- fessor Lawrence A. Jegen, III, LL.M. (New York University, 1963), Professor William R. Jones, LL.M. (University of Michigan, 1970), Associate Pro- fessor (on leave 1976-77). Charles D. Kelso, J.S.D. (Columbia University, 1968), Professor William A. Kerr, LL.M. (Harvard University, 1958), Professor Walter W. Krieger, Jr., LL.M. (George Washington University, 1969), As- sociate Professor William E. Marsh, J.D. (University of Nebraska, 1968), Associate Professor Patrick Mulvaney, J.D. (Georgetown University, 1970), Assistant Professor MeLvin C. Poland, LL.M. (University of Michigan, 1950), Professor Ronald W. Polston, LL.B. (University of Illinois, 1958), Professor Gary A. RaTner, LL.M. (Yale University, 1974), Associate Professor Charles G. Reeder, J.D. (Indiana University, 1965), Lecturer Marshall J. Seidman, LL.M. (Harvard University, 1970), Professor William A. Stanmeyer, J.D. (DePaul University, 1966), Associate Professor Kenneth M. Stroud, J.D. (Indiana University, 1961), Associate Professor James W. Torke, J.D. (University of Wisconsin, 1968), Associate Professor R. Bruce Townsend, J.D. (University of Iowa, 1940), Professor of Juris- prudence James P. White, LL.M. (George Washington University, 1959), Professor (on leave) Harold R. Woodard, J.D. (Harvard University, 1936), Professorial Lecturer