Billions of dollars will soon be funneled to restore the economic and ecological health of Gulf Coast states.
On July 6, President Obama signed the RESTORE Act which will dedicate 80 percent of the final settlement from BP and others responsible for the 2010 oil spill in the Gulf of Mexico to Louisiana, Mississippi, Florida, Texas and Alabama.
BP and others found to be negligent may pay between $5 and $21 billion in Clean Water Act fines. Of that amount, the RESTORE Act says 80 percent must go to Gulf Coast states.
