The Department of Treasury, Office of Gulf Coast Restoration published several funding opportunities on January 5, 2016. Treasury is responsible for administering two grant programs under the 2012 RESTORE Act. Six opportunities were announced this week that represent those two programs, the Direct Component and, Centers of Excellence Programs. These grants are a first critical step to getting Deepwater Horizon oil spill reparation funding to the Gulf States.

There are 47 eligible applicants. These are only those entities identified by the RESTORE Act and include agencies of or acting on behalf the five U.S. Gulf Coast States, and select Gulf Coast counties and parishes. Strict criteria are required and may affect eligibility to receive funds. Criteria include a Multiyear Plan and an annual Operational Self-Assessment; both approved by Treasury. Plans are those drafted with heavy public input to address restoration issues as a result of the 2010 Deepwater Horizon oil spill.

The Department of Treasury uses the system to make available funds relative to the 2010 oil spill. A review of closed and archived opportunities in the online system allows the public to see when and how monies are distributed by Treasury as well as other responsible parties such as the Department of Commerce. As funding is made available by the responsible parties, Treasury can formulate these actions to get much-needed restoration funds to the Gulf Coast.