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Treasury Publishes Interim Final Rule for Gulf Coast Restoration Trust Fund

On Friday, August 15, the Department of the Treasury published interim final rules for the Gulf Coast Restoration Trust Fund in the Federal Register. This Trust Fund was established by the Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act of 2012 (RESTORE Act) and will be the source of funding for the activities authorized by the RESTORE Act, including the NOAA RESTORE Science Program. These rules will become effective on October 14, 2014 (60 days from the publication date) and the Department of the Treasury will be accepting public comment on them until September 15, 2014. With this official publication of rules for the Trust Fund in the Federal Register, the NOAA RESTORE Science Program can now move forward with its development and announcement of federal funding opportunities, however, the Program will not be able to distribute funds until the rules become effective.

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