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Restored CentersofExcellenceResearchGrantsProgram U.SDepartmentoftheTreasury OfficeofGulfCoastRestoration InitialAnnouncement Funding Opportunity Number: GRRCE18001 Catalog of Federal Domestic Assistance
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Visit the official website of the Treasury Department at treasury.gov.
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The Restore Act, administered by the U.S. Department of Treasury, aims to direct civil and administrative penalties to Gulf Coast restoration projects.
Companies that have been penalized by the government for violations related to the Deepwater Horizon oil spill are required to file under the Restore Act.
Companies must provide detailed information on the penalties received and how they plan to allocate the funds towards Gulf Coast restoration projects.
The purpose of the Restore Act is to ensure that penalties from environmental disasters are used for restoring and protecting the ecosystems of the Gulf Coast.
Companies must report the amount of penalties received, the specific violations that led to the penalties, and a detailed plan on how the penalty funds will be allocated for restoration projects.
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