U.S. Treasury approves Alabama’s multiyear implementation plan for Gulf Coast recovery
A multiyear plan developed to help restore the Gulf Coast in the wake of the 2010 Deepwater Horizon oil spill has been approved by the U.S. Department of Treasury (USDT).
Developed by the Alabama Gulf Coast Recovery Council (AGCRC), the plan proposes 15 activities for Direct Component RESTORE funding for a total estimated cost of $192,416,759. Now that the plan has been approved, individual grant applications must be submitted to Treasury and awarded before project activity can begin.
“This is a watershed day in the reinvestment of Alabama’s Gulf Coast communities,” said Governor Kay Ivey. “The members of the Council have worked long and hard over the past year to get us to this point; at long last, oil spill funds guaranteed to the people of Alabama through the RESTORE Act are about to be invested. I am especially grateful there has been so much public input in this process.”