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The RESTORE Act which authorized the NOAA RESTORE Science Program also established a Gulf Coast Restoration Trust Fund to provide funding to the Program and the other activities authorized in the Act. The principal in the Trust Fund is comprised of 80% of all administrative and civil penalties for Clean Water Act violations paid by parties responsible for the Deepwater Horizon oil spill after the passage of the RESTORE Act. The NOAA RESTORE Science Program will receive 2.5% of this principal plus 25% of any accrued interest.
As of April 2016, all the responsible parties for the Deepwater Horizon oil spill have agreed to settlements or had judgments rendered against them that will result in approximately $133 million in funding for the Science Program plus the portion of interest on the Trust Fund that accrues to the program.
