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> unspent funds remain available for future projects Not according to the article? > Its collapse means that the state could lose out on more than $1.5 billi
by gpm 1y ago
> unspent funds remain available for future projects
Not according to the article?
> Its collapse means that the state could lose out on more than $1.5 billion in unspent funds and may even have to repay the $618 million it already used to begin building.
- rascul 1y agoFrom the article: > The Louisiana Trustee Implementation Group, a mix of federal agencies overseeing the settlement funds, said that “unused project funds will be available for future Deepwater Horizon restoration activities” but would require review and approval.
- nialse 1y agoLikely it’s both. The cost of the cancelled project will not be reimbursed AND the money will be available for other activities at a later stage.