Bay County Chamber of Commerce
   
 

Bay County Chamber of Commerce

235 West 5th Street

Panama City, FL 32401

 

Phone: 850.785.5206

Fax: 850.763.6229

 

 

 

 

United States Treasury accepts restore plan
May 15, 2017

According to Bay County Government Officials, The U.S. Department of Treasury accepted a Bay County plan Monday to fund nine projects totaling more than $7 million as a result of the Deepwater Horizon oil spill in 2010.

 

Officials say the RESTORE Act Direct Component Multi-Year Implementation Plan includes projects publicly vetted and ranked by the citizen advisory members of the Restore Act Committee and approved by the Bay County Commission.

 

“Now that the Treasury as accepted the plan, we can start making formal grant applications for each one of the projects,” Bay County Restore Act Coordinator Jim Muller said. “Once that happens, the Treasury has two to four months to approve the grant applications or require changes and then they will be funded.”

 

A settlement agreement with BP-affiliated companies Transocean and Anadarko is funding this first allotment of money, and all future payments will be from BP, Muller said, amounting to almost $35 million over 15 years.

 

The list and map of Treasury-accepted projects, project descriptions and Treasury’s acceptance letter are available at http://tinyurl.com/BayPot1MYIPprojsMapsDescripLtrThis document, the text of the county’s plan and related information can be downloaded from Bay County’s RESTORE Act documents page

at http://tinyurl.com/BayRESTOREdocs. These are located in the third column under “Information” and “20170510” in the second column.

 

For more information, please call Jim Muller at 248-8253.

 

If you have any additional questions, feel free to contact one of our staff members.

 

 

 

The mission of the Bay County Chamber of Commerce is to create superior value for all chamber members large and small, cultivate economic and personal development, promote and protect a competitive system of business, be a community leader while embracing Bay County’s opportunities and challenges.

 

Home     About the Chamber     Bay County     Visit     Relocate     Gallery     Find a Business     Calendar     Marketing     Business Resources

 

Copyright © 2017, Bay County Chamber of Commerce. | Webmail | Login

Site Developed by Panama City Beach Website Design and IT Support