Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Co


Agency - Department of the Treasury

The Department of Treasury is a steward of United States economic and financial systems, and promotes conditions for prosperity and stability in the U.S., and encourages prosperity and stability in the rest of the world.


Relevant Nonprofit Program Categories




Program Accomplishments

Not Applicable.

Uses and Use Restrictions

Projects and programs, using the best available science, that would restore and protect the natural resources, ecosystems, fisheries, marine and wildlife habitats, beaches, coastal wetlands, and economy of the Gulf Coast Region.

The Act specifies the types of eligible programs, projects, and activities.

The Act specifies five Gulf Coast States and coastal entities that are eligible to apply.

Eligibility Requirements

Applicant Eligibility

Projects and programs, using the best available science, that would restore and protect the natural resources, ecosystems, fisheries, marine and wildlife habitats, beaches, coastal wetlands, and economy of the Gulf Coast Region.

Beneficiary Eligibility

The beneficiaries are the people and wildlife of the Gulf Coast Region.

Credentials/Documentation

A-87 applies to this program. OMB Circular No. A-87 applies to this program.

Aplication and Award Process

Preapplication Coordination

Preapplication coordination is not applicable.

Environmental impact information is not required for this program.

This program is excluded from coverage under E.O.

12372.

Application Procedures

OMB Circular No. A-102 applies to this program. This program is excluded from coverage under OMB Circular No. A-110.

Award Procedures

Eligible applicants follow the procedures given by the administering agencies.

Deadlines

Not Applicable.

Authorization

Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act of 2012.

Range of Approval/Disapproval Time

Not Applicable.

Appeals

Not Applicable.

Renewals

Not Applicable.

Assistance Considerations

Formula and Matching Requirements

Statutory Formula: Title 31, Chapter Department of the Treasury, Part 34, Subpart B.
Matching requirements are not applicable to this program.
MOE requirements are not applicable to this program.

Length and Time Phasing of Assistance

Amounts are available from civil penalties paid by responsible parties in connection with the explosion on, and sinking of, the mobile offshore drilling unit Deepwater Horizon. Method of awarding/releasing assistance: by letter of credit.

Post Assistance Requirements

Reports

Administering agencies specify the reporting requirements.

Administering agencies specify the reporting requirements.

Progress reports are not applicable.

Expenditure reports are not applicable.

Administering agencies specify the monitoring requirements.

Audits

In accordance with the provisions of OMB Circular No. A-133 (Revised, June 27, 2003), "Audits of States, Local Governments, and Non-Profit Organizations," nonfederal entities that expend financial assistance of $500,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $500,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular No. A-133. Annual audit reports

Records

Administering agencies specify the record keeping requirements.

Financial Information

Account Identification

20-8625-0-7-452.

Obigations

(Formula Grants) FY 12 $0; FY 13 Estimate Not Available; and FY 14 Estimate Not Available

Range and Average of Financial Assistance

No Data Available.

Regulations, Guidelines, and Literature

Not Applicable.

Information Contacts

Regional or Local Office

None.

Headquarters Office

Sheryl Morrow 1500 Pennsylvania Avenue, NW, Washington, District of Columbia 20016 Email: RESTOREruleQ@treasury.gov Phone: 202 622-8951

Criteria for Selecting Proposals

Not Applicable.



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Edited by: Michael Saunders

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