Overall Goal
RESTORE Act funds will go into five “Pots” of the Gulf Restoration Trust Fund. The amount of money will depend on the results of the BP Deepwater Horizon Trial. Estimates of the amount that will go into the trust fund range from $3.6 billion to $14 billion. The U.S Treasury is developing a rule that will govern expenditure of the funds, based on the RESTORE Act.
Bay County will get 0.79% of all RESTORE Act funds through Pot 1. Additional funds may come to the County through Pots 2 and 3, as well as other funding sources. And other Gulf restoration funds will be spent in the County, even if Bay County does not handle the money.