Plan to Use BP Oil Spill Restitution Money Drafted

By: Associated Press
By: Associated Press

NEW ORLEANS (AP) -- There's now a draft plan for using fines from the 2010 Gulf of Mexico oil spill to restore the Gulf Coast's natural resources and economy.

The Times-Picayune (http://bit.ly11jC0Vt ) reports that the document released Thursday doesn't include two items required by federal law: a 10-year allocation plan or a three-year priority list of projects and programs.

The Gulf Coast Ecosystem Restoration Council says there are several reasons. One is that officials don't yet know how much money the RESTORE Act trust fund will get or when it will arrive. The U.S. Treasury has not issued procedures for spending it. The council wants public input. And the five Gulf Coast states have not yet completed their own plans.

The federal-state body will oversee billions of dollars in Clean Water Act fines from the spill.


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