![Gulf Restoration Closer after Landmark Legislation]()
Gulf Restoration Closer after Landmark Legislation
By Trey Reid, OutdoorChannel.com
The nation’s five Gulf of Mexico states stand to receive billions of dollars for environmental and economic restoration efforts under landmark legislation that President Barack Obama signed into law Friday.
The RESTORE Act, an amendment to the 2012 Surface Transportation Extension Act, guarantees Florida, Alabama, Mississippi, Louisiana and Texas will receive 80 percent of the Clean Water Act fines levied against BP and other parties responsible for the 2010 Deepwater Horizon oil spill.
Preliminary government estimates place the fine amounts between $5 billion and $20 billion, depending on the level of negligence...