County wants jump on BP money
Mississippi will draw down about $40 million a year for 15 years from the 2010 BP oil spill lawsuit settlement, according to Rep. John Faulkner.
How Marshall County will get its share was a topic Faulkner discussed at the September 17 meeting of the board of supervisors.
SB 2002 sets out how the $750 million settlement money from BP is to be disbursed across the state. Six Gulf Coast counties will receive $30 million a year and the other 76 counties will share the remaining $10 million annual drawdown.
However, a $150 million drawdown of this $750 million in BP settlement money in 2016 left $97 million which was put together with some special funds to create a $102 million fund for special projects. The remaining $600 million is to be spent among the 82 counties and municipalities.