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The governors of seven Great Lakes states signed an official agreement on February 26, 1989, to create the Great Lakes Protection Fund. This followed recommendations made in the 1986 Toxic Substances Control Agreement, signed by the Great Lakes governors. 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. 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." The Great Lakes Protection Fund held its first meeting on July 12, 1989, in Chicago.