Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States
Restore and protect the natural resources, ecosystems, fisheries, marine and wildlife habitats, beaches, coastal wetlands, and economy of the Gulf Coast Region.
General information about this opportunity
Last Known Status
Agency: Department of the Treasury
Office: Department of the Treasury
Type(s) of Assistance Offered
Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act of 2012.
Who is eligible to apply/benefit from this assistance?
Projects and programs, using the best available science, that would restore and protect the natural resources, ecosystems, fisheries, marine and wildlife habitats, beaches, coastal wetlands, and economy of the Gulf Coast Region.
The beneficiaries are the people and wildlife of the Gulf Coast Region.
A-87 applies to this program. OMB Circular No. A-87 applies to this program.
What is the process for applying and being award this assistance?
Preapplication coordination is not applicable. Environmental impact information is not required for this program. This program is excluded from coverage under E.O. 12372.
OMB Circular No. A-102 applies to this program. This program is excluded from coverage under OMB Circular No. A-110.
Eligible applicants follow the procedures given by the administering agencies.
Approval/Disapproval Decision Time
How are proposals selected?
How may assistance be used?
Projects and programs, using the best available science, that would restore and protect the natural resources, ecosystems, fisheries, marine and wildlife habitats, beaches, coastal wetlands, and economy of the Gulf Coast Region. The Act specifies the types of eligible programs, projects, and activities. The Act specifies five Gulf Coast States and coastal entities that are eligible to apply.
What are the requirements after being awarded this opportunity?
Administering agencies specify the reporting requirements. Administering agencies specify the reporting requirements. Progress reports are not applicable. Expenditure reports are not applicable. Administering agencies specify the monitoring requirements.
In accordance with the provisions of OMB Circular No. A-133 (Revised, June 27, 2003), "Audits of States, Local Governments, and Non-Profit Organizations," nonfederal entities that expend financial assistance of $500,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $500,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular No. A-133. Annual audit reports
Administering agencies specify the record keeping requirements.
Other Assistance Considerations
Formula and Matching Requirements
Statutory Formula: Title 31, Chapter Department of the Treasury, Part 34, Subpart B.
Matching requirements are not applicable to this program.
MOE requirements are not applicable to this program.
Length and Time Phasing of Assistance
Amounts are available from civil penalties paid by responsible parties in connection with the explosion on, and sinking of, the mobile offshore drilling unit Deepwater Horizon. Method of awarding/releasing assistance: by letter of credit.
Who do I contact about this opportunity?
Regional or Local Office
Sheryl Morrow 1500 Pennsylvania Avenue, NW, Washington, District of Columbia 20016 Email: RESTOREruleQ@treasury.gov
Phone: 202 622-8951
No Data Available
(Formula Grants) FY 12 $0; FY 13 Estimate Not Available; and FY 14 Estimate Not Available
Range and Average of Financial Assistance
No Data Available.
Regulations, Guidelines and Literature
Examples of Funded Projects