Money Pot Allocations

Pot 1 Equal-Share State Allocation (Also Called Direct Component)

35% of all RESTORE funds shared equally by all 5 Gulf States (35% / 5 = 7% each)
How split up in Florida: Florida’s 7% goes to Florida’s 23 Gulf coastal counties, three-fourths to the 8 coastal counties from Wakulla to Escambia, one-fourth to the other 15 counties.
How much does Bay County receive: 11.3% of Florida’s Pot 1
What is necessary to get the money: a Multi-Year Implementation Plan(s) that will, according to the draft Treasury rule, result in grants from the U.S Treasury
Kinds of projects: environmental and economic - see "What can Bay County RESTORE Act funds be spent on?" for more details
Criteria for selecting projects: to be recommended by the Bay County RESTORE Act Advisory Committee and approved by the Bay County Board of County Commissioners
Process for selecting projects: to be recommended by the Bay County RESTORE Act Advisory Committee and approved by the Bay County Board of County Commissioners
Who makes final project selection: the Bay County Board of County Commissioners
What are the timelines: There are no timelines for Pot 1. Bay County’s share will be available until Bay County spends it.

30% of all RESTORE funds
How split up: The pot is not split up, the Council will decide which projects to fund. The Council is made up of the governors of the five Gulf states and heads of six federal agencies.
How much does Bay County receive: unknown
What is necessary to get the money: compete successfully against other projects being proposed for funding. Projects selected for funding will be assigned to a federal agency or handled through a grant agreement by the Council, according to the draft Treasury rule.
Kinds of projects: environmental
Criteria for selecting projects: Council has goals and objectives that are related to environmental protection and restoration.
Process for selecting projects: to be determined by the Council. It is expected to be a competitive process for high impact, large-scale projects, without regard to geography within the Gulf region. Projects must be nominated by Council members to be considered.
Who makes final project selection: the Council
What are the timelines: The Council was to have prepared three-year and 10-year lists of priority projects by July 2013, but did not because the amount of and timing of funds to be received is unknown. The Initial Comprehensive Plan was approved in August 2013. A preliminary project list is expected in summer of 2014

30% of all RESTORE funds. The amount each Gulf state receives will be based on a formula to be finalized by the Gulf Council. Each state will receive at least 5% of Pot 3.
How split up in Florida: To be determined.
How much does Bay County receive: unknown
What is necessary to get the money: the Florida Gulf Counties Consortium, made up of Florida’s 23 Gulf coastal counties, must prepare a State Expenditure Plan and the Governor must submit the plan for approval by the Gulf Council. According to the draft Treasury rule, the funds will be provided as grants from the Council.
Kinds of projects: environmental and economic, similar to Pot 1
Criteria for selecting projects to include in the plan: To be determined by the Florida Gulf Counties Consortium
Process for selecting projects to include in the plan: To be determined by the Florida Gulf Counties Consortium
Who makes final project selection for projects: the Florida Gulf Counties Consortium through inclusion of a project in the State Expenditure Plan, with the approval of the Plan by the Governor and the Gulf Council
What are the timelines: There are no timelines for Pot 3. The funds will be available until the Consortium spends them.

2.5% of all RESTORE funds to each of the pots.
How split up: The NOAA pot will not be split. Each state gets one-fifth of the Centers of Excellence funds.
How much does Bay County receive: Bay County is unlikely to receive any of these funds directly.
What is necessary to get the money: NOAA will control its pot. The Florida Institute of Oceanography (FIO) will distribute the Florida Center of Excellence funds on a competitive basis.
Kinds of projects: Gulf-related science and monitoring
Criteria for selecting projects: to be determined by NOAA for its pot and FIO for its pot.
Process for selecting projects: to be determined by NOAA and FIO
Who makes final project selection: NOAA, FIO
What are the timelines: There are no timelines.