clean water act

The U.S. Treasury Department has set out 97 pages of rules for investing and allocating money that BP PLC and other defendants will pay in Clean Water Act fines for the Gulf of Mexico oil spill of 2010.

The rules released yesterday formally set up a trust fund for money that state and local governments will get under the RESTORE Act and procedures for getting that money.

The total is expected to be billions of dollars, but nobody knows what it will be.

U.S. District Judge Carl Barbier has scheduled the third of three trials on the question in January.

Louisiana Senator Mary Landrieu is applauding the Senate’s passage of the Restore Act, which designates 80 percent of Clean Water Act fines from the BP oil spill to the five Gulf states.

There’s been a delay in the federal trial to determine damages from the BP oil spill. Judge Carl Barbier is giving parties another week for settlement negotiations to continue.