- Associated Press - Thursday, June 30, 2016

JACKSON, Miss. (AP) - Mississippi is about to receive the first $150 million for economic damages from the 2010 Gulf of Mexico oil spill.

Attorney General Jim Hood says the payment from BP is expected Friday.

Under a multistate oil spill settlement, Mississippi is to receive almost $2.2 billion. About $1.5 billion is for environmental restoration and economic development. The Legislature will decide how to spend $750 million over 17 years.

Hood says in a news release Thursday that he wants the settlement money to be spent on the Gulf Coast. The Democrat also says he’s concerned that Republican leaders might use the money “to cover up their self-created budget hole.”

In special session this week, legislators gave Republican Gov. Phil Bryant permission to tap state financial reserves to patch budget deficits.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide