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/BayPot1MYIPprojsMapsDescripLtr.
This 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.