The official called the new side deal with the U.S. a parallel agreement to the 2012 Canada-Michigan agreement and said it stipulates that an amount equal to half the net revenues from the bridge will be paid into a U.S.-run economic development fund. The mandate of the fund would be to increase economic development and trade between Canada and the U.S., but it will be up to the U.S. how the money is spent, the official said. The official emphasized that the money paid to the United States would not come directly from the toll revenues but would come from Canadian government coffers in an amount equal to half the net revenues from tolls.