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May 04

Florida Plan for Management of RESTORE Act Pot 3 Funds Recommended for Approval

Posted on May 4, 2018 at 12:27 PM by Jim Muller

The Gulf RESTORE Council's Executive Director recommended approval of Florida's plan to establish the Florida Gulf coastal counties' "Gulf Consortium" as the entity to manage RESTORE Act Spill Component (Pot 3) funds for Gulf restoration projects.

"Florida Stand-Up State Expenditure Plan On March 26, 2018, the Council’s Acting Executive Director provided a recommendation memo to the Council Chair, the U.S. Environmental Protection Agency, to approve the Gulf Consortium: Stand-Up State Expenditure Plan( SEP) for Florida. The Florida Stand-Up SEP, if approved by the Chair, would provide $221,038 in Spill Impact Component funding, commonly referred to as “Bucket 3”, to support coastal restoration activities. Specifically, these funds would be used to establish, or “stand up”, the financial and managerial structure necessary for implementation of projects included in the Florida SEP, which is still under development. The Florida SEP, once completed, will contain multiple projects and programs to support ecosystem restoration, economic recovery, and tourism promotion. Development of this Stand-Up SEP will provide the foundation for effective administration of the Florida SEP, once it is approved."