The RESTORE Act Resources and Ecosystems Sustainability, Tourist - PowerPoint PPT Presentation

The RESTORE Act Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act Presentation by Ocean Conservancy

RESTORE Act Funding RESTORE Act Clean Water Act civil penalties To date: $800 million from Transocean 35% 30% 30% 2.5% 2.5% (plus 25% of (7% to each Gulf (plus 50% of interest) (plus 25% of interest) interest) state) NOAA Ecosystem Gulf Coast Ecosystem Direct Component Oil Spill Impact Centers of Restoration Science Restoration Council Component Excellence Program Component In Florida In Louisiana The funds will 75% RESTORE Council will be split up 70% to impacted use a formula to evenly among to the state counties determine how much the 5 Gulf 30% money each state states to 25% to coastal receives. establish a to other coastal parishes center in each. counties

Direct Component or Bucket 1 Multiyear Implementation Plans (MYIPs) • To find out more and get Florida Counties - In Process updates from the states visit these websites: • Alabama Gulf Coast Recovery Council (AGCRC) - Released Draft Project Selection Process Framework in www.restorethetexascoast.org January www.coastal.la.gov • Mississippi – No Updates www.restore.ms • www.restorealabama.org Louisiana - Draft MYIP is posted for public comment through July 6 th www.fl-counties.com/advocacy/gulf- consortium • Texas RESTORE Advisory Board - No Updates

RESTORE Council Component or Bucket 2 RESTORE Council Announced Proposal RESTORE Council Submission and Public Engagement Posted Context Evaluation Process Meetings Reports for Draft FPL July 25, 2014 September 12, 2014 Proposals March 12, 2015 RESTORE Council RESTORE Council Announced Proposal Posted Proposals for Submission Window the Draft Funded August 21, 2014 Priorities List (FPL) December 1, 2014 RESTORE Council submitted its annual Restorethegulf.gov report to Congress December, 2014

Spill-Impact Component or Bucket 3 Spill Impact Component Planning Grants RESTORE Council will provide access to up to 5% of available funds to each State for development of State Expenditure Plans (SEPs) In December 2014, RESTORE Council released Guidelines for State Expenditure Plans

RESTORE Science or Buckets 4 and 5 NOAA RESTORE Act Science Program (Bucket 4) In May 2015, the program released its Science Plan, which establishes ten long-term priorities that will guide research investments. restoreactscienceprogram.noaa.gov Centers of Excellence (Bucket 5) USM University The Water Center for of Houston & Not Florida Institute Institute of Gulf Studies Texas A&M at Selected* of Oceanography the Gulf Corpus Christi *Alabama began soliciting proposals for COE on May 13, 2015

Contact us Ocean Conservancy Gulf Restoration Program www.oceanconservancy.org/gulf Michelle Erenberg merenberg@oceanconservancy.org (504) 208-5818