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RESTORE ACT Direct Component Multiyear Plan Matrix Department of the Treasury OMB Approval No. 15050250Applicant Name:1. MULTIYEAR PLAN VERSION (INITIAL OR AMENDMENT NUMBER):2a. DATE OF INITIAL MULTIYEAR
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The Restore Act Direct Component is a provision of the RESTORE Act that allows for the allocation of funds directly to the states affected by the Deepwater Horizon oil spill for ecosystem restoration, economic development, and tourism.
States that received funding from the Restore Act Direct Component are required to file for its implementation and management, ensuring that the funds are utilized appropriately for the intended purposes.
The Restore Act Direct Component can be filled out by providing detailed project proposals, funding allocations, and any necessary documentation as required by the administering agency overseeing the restoration funds.
The purpose of the Restore Act Direct Component is to support the recovery and restoration of coastal ecosystems, economies, and communities impacted by the BP oil spill through direct funding to eligible states.
States must report information including project descriptions, budget details, expected outcomes, timelines, and progress metrics related to the use of funds from the Restore Act Direct Component.
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