BP Oil Spill Settlement Bills


How will the state legislature allocate BP oil spill settlement money?
A month into the session and with the first bill-killing deadline tonight the answer is still unclear.
A number of bills authored by coast legislators regarding the funds have yet to pass committee.
Two are in the senate…one would put money into a gulf coast new restoration fund under control of the legislature and the other would create a Mississippi Gulf Coast Economic Restoration trust fund under the control of a board of trustees.
Other bills are in the house and would put 80 percent of the money into a Gulf Coast Restoration Fund, which would be administered by a nine member board of trustees.
Deadlines for these bills to make it out of committee is 8 o’clock tonight.