What Does the RESTORE Council Do?
Pursuant to the RESTORE Act, the Council is responsible for administering a portion of the funds associated with settlement of civil penalties against parties responsible for the Deepwater Horizon oil spill. Specifically, the Council is responsible for administering two funding sources: (1) the Council-Selected Restoration Component; and (2) the Spill Impact Component. Bucket 2 and Bucket 3 each receives 30% of the funds allocated under the RESTORE Act.
The figure below shows the funding allocations and amounts under the RESTORE Act and associated settlements of civil penalties.
