POSTED: Sunday, July 1, 2012 - 9:00pm
UPDATED: Sunday, July 1, 2012 - 9:04pm
BATON ROUGE, LA (NBC33) — Senator Mary Landrieu, D-La. spoke out on the success of a key piece of legislation she sponsored that would bring more money to the state after the BP oil spill.
The RESTORE Act is on it's way to President Obama's desk.
If the president signs it, the RESTORE Act would dedicate 80 percent of BP penalties to help the areas impacted by the oil spill.
The penalties stem from the Clean Water Act and are based on number of barrels of oil spilled
Based on the estimate of nearly five million barrels of oil spilling into the Gulf, BP could face fines as high as $ 21 billion. Senator Landrieu says if signed part of the money will go towards saving the Louisiana Gulf Coast.
"We have the will," said Senator Mary Landrieu, D-La. "We have the science. We have the plan, but we didn't have the money. So, let's get going and start restoring our coast."
Landrieu says the RESTORE Act will help fund a Gulf Coast Ecosystem Restoration Council and a Comprehensive Plan for the Gulf Coast focused on ecosystem and coastal restoration. The RESTORE Act also will establish a long-term Science and Fisheries Endowment and Gulf Coast Centers of Excellence.