DEEPWATER HORIZON $1B EARLY RESTORATION AGREEMENT Governor’s Advisory Commission May 11, 2010

Overview  April 21, Deepwater Horizon Natural Resource Trustees announced $1 billion down payment for early restoration  Louisiana first made the request July 2010  Largest early restoration agreement ever reached  Provides an opportunity to implement restoration projects prior to the completion of the natural resource damage assessment (NRDA) process

Allocation of Funds  $700M will be split equally among the state and federal trustees  Each of the Gulf states will receive $100 million  NOAA and DOI will receive $100 million  $300M will be used to fund state sponsored restoration projects based upon impacts.

Timeline  State trustees are currently accepting and evaluating restoration projects  May 18 – Trustees meet to develop decision making framework  June 1-3 – States begin submitting projects to Trustee Council for inclusion in early restoration plans

Early Restoration Plan Development  In accordance with the Oil Pollution Act of 1990, applicable federal regulations and the framework agreement, the trustees will use the money to fund projects such as the:  rebuilding of coastal marshes,  replenishment of damaged beaches,  conservation of sensitive areas and ocean habitat for injured fish and wildlife,  and restoration of barrier islands and wetlands

Public Involvement  We continue to accept project proposals through Louisiana Oil Spill Coordinators website:  Deepwater Horizon NRDA updates will continue to be provided during monthly Coastal Protection and Restoration Authority meetings  Public commenting period prior to finalization of early restoration plans