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.

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Holly Springs South Reporter

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Holly Springs, MS 38635
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