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Great Lakes Protection Fund
The Great Lakes Protection Fund is a publicly capitalized, private corporation created in 1989 by the Governors of the states surrounding the Great Lakes. The Fund invests a one-time contribution of public funds and uses the investment income for two purposes: first, to test new regional actions that improve the health of the Great Lakes; and second, to provide resources for states to support their individual Great Lakes priorities.〔Mehan, G. Tracy III. “An Excerpt from the Final Report on An Enquiry for the Great Lakes Protection Fund.” March 29, 2010. The Cadmus Group, Inc. 57 Water Street, Watertown, MA 02472. (http://glpf.org/wp/wp-content/uploads/2015/01/Enquiry-Rpt-Summary-for-web.pdf).〕
== History ==
The governors of seven Great Lakes states signed an official agreement on February 26, 1989, to create the Great Lakes Protection Fund.〔Council of Great Lakes Governors. “Governors Sign Agreement; Protection Fund is Official.” Council Commentary: A Newsletter of the Council of Great Lakes Governors. Volume 2, Number 1. Spring 1989.〕 This followed recommendations made in the 1986 Toxic Substances Control Agreement, signed by the Great Lakes governors.〔Council of Great Lakes Governors. “Great Lakes Governors Announce Permanent Commitment to Water Quality.” Press release. February 1988.〕 Seven Great Lakes states contributed $81,000,000 to capitalize the Fund. Each state contributed to the Fund based on its usage of Great Lakes water.〔Council of Great Lakes Governors. “Great Lakes Governors Announce Permanent Commitment to Water Quality.” Press release. February 1988.〕 The Great Lakes Research Consortium hailed the Fund as a “unique and precedent-setting conclusion to the search for a stable, long-term funding mechanism for Great Lakes research.” 〔Council of Great Lakes Governors. “Protection Fund Moves Ahead.” Council Commentary: A Newsletter of the Council of Great Lakes Governors. Volume 1, Number 3. Fall 1988.〕 The Great Lakes Protection Fund held its first meeting on July 12, 1989, in Chicago.〔Council of Great Lakes Governors. “Governors Appoint GLPF Board; Members Hold Planning Session.”〕
The earnings from the endowment, now worth over $100 million, have supported 261 regional projects, committing more than $73 million to regional project teams.〔“Funded Projects.” (http://glpf.org/funded-projects/).〕 The Fund has also provided nearly $47 million of additional support directly to its member states for their discretionary uses.〔“State Share Programs.” (http://glpf.org/about-us/state-shares-program/).〕
The Fund is prohibited from expending the publicly funded endowment, and does not undertake the work of government nor the compliance activities required of private parties.〔Mehan, G. Tracy III. “An Excerpt from the Final Report on An Enquiry for the Great Lakes Protection Fund.” March 29, 2010. The Cadmus Group, Inc. 57 Water Street, Watertown, MA 02472. (http://glpf.org/wp/wp-content/uploads/2015/01/Enquiry-Rpt-Summary-for-web.pdf).〕 During the Fund’s formation, the International Association for Great Lakes Research and Great Lakes United cautioned that the Fund should not be considered a replacement for state and federal investments in environmental protection. Rather, the Fund is meant to “enhance state and federal projects while preserving water quality more effectively.” 〔Council of Great Lakes Governors. “Protection Fund Moves Ahead.” Council Commentary: A Newsletter of the Council of Great Lakes Governors. Volume 1, Number 3. Fall 1988.〕
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