Treasury rule enables Gulf Coast states to apply for coastal restoration grants

An interim final rule recently issued by the Treasury Department enables Gulf Coast states to begin applying for environmental coastal restoration and economic development grants.

The Resources and Ecosystem Sustainability, Tourist Opportunities and Revived Economies of the Gulf Coastal States (RESTORE) Act directs 80 percent of fines levied under the BP Clean Water Act to coastal states that are still dealing with the aftermath of the Deepwater Horizon oil spill.

House Majority Whip Rep. Steve Scalise (R-La.), Rep. Bill Cassidy (R-La.) and Sen. David Vitter (R-La.) urged the Treasury Department to expedite the rule-making process so the funds could be distributed.

“This announcement is a victory and big step forward for the people of Louisiana,” Scalise said. “The economy, culture and heritage of our great state are shaped and influenced by our unique coastline and wetlands. As many families and businesses continue to struggle in the aftermath of the Deepwater Horizon spill, the RESTORE Act stands as the single most significant action taken to revitalize our coastline. This rule finally enables much-needed funds to start flowing to our coastal communities as they continue to recover.”

Cassidy said communities and businesses across Louisiana benefit from costal restoration and ecosystem projects.

“Fully implementing the RESTORE Act is critical to Louisiana’s recovery from the 2010 Deepwater Horizon oil spill,” Cassidy said. “Sen. Vitter, Rep. Scalise and I have pressed the Obama administration to begin implementing these regulations, and I am glad to see that they are at last.”