How will the money be spent?
The RESTORE Act divides the funds into five buckets and sets parameters for how these funds will be spent: • 35% of the funds are divided equally among the five Gulf Coast states for ecological and economic restoration. Eligible activities include: restoration and protection of natural resources; mitigation of damage to natural resources; workforce development and job creation; improvements to state parks; infrastructure projects, including ports; coastal flood protection; and promotion of tourism and Gulf seafood. • 30% of the funds will be administered for restoration and protection according to the Comprehensive Plan developed by the Council. • 30% of the funds are dedicated to the Gulf Coast states based on a formula. This formula will be based on the number of miles of shoreline that experienced oiling, the distance from the Deepwater Horizon mobile drilling unit at the time of the explosion, and the average population as of the 2010 Census. Each state is required to have a Council approved plan in place for use of these funds. • 2.5% of the funds are dedicated to the Gulf Coast Ecosystem Restoration Science, Observation, Monitoring and Technology Program. The National Oceanic and Atmospheric Administration (NOAA) will establish a Gulf Coast Ecosystem Restoration, Science, Observation, Monitoring and Technology Program for marine and estuarine research, ecosystem monitoring and ocean observation, data collection and stock assessments, and cooperative research. • 2.5% of the funds are dedicated to the Centers of Excellence Research Grants Program. The Centers of Excellence Research Grants funding is distributed through the States to nongovernmental entities to establish centers of excellence that will focus on the following disciplines: coastal and deltaic sustainability; restoration and protection; fisheries and wildlife ecosystem research and monitoring; offshore energy development; sustainable and resilient growth; and comprehensive observation, monitoring and mapping in the Gulf.