Gulf Coast Restoration Fund Advisory Board recommends $62 million in coastal projects, $7 million for a revolving loan fund

Gulf Coast Restoration Fund board submits recommendations for use of BP settlement money

The Gulf Coast Restoration Fund Advisory Board recently completed its review of applications and formally submitted a ranked list to the Mississippi Development Authority of projects to be considered for $69 million in remaining funds stemming from the 2010 Deepwater Horizon oil spill. The money, which comes from a settlement with BP, would be best be used for the following, according to the board: Project Recommended funding Gulfport/Biloxi R…

Gulf Coast Restoration Fund Advisory Board recommends $62 million in coastal projects, $7 million for a revolving loan fund - Mississippi Monitor

By Frank Corder, Magnolia Tribune   (Photo from Gulf Coast Business Council)   The Gulf Coast Restoration Fund Advisory Board is recommending the Mississippi Legislature fund $69,000,000 in projects during the 2026 legislative session. The funds are part of the BP Oil Spill settlement received by the state of Mississippi. Started in September 2018, the Mississippi Gulf Coast Restoration Fund has provided funding to businesses and organizations l…