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Iberia Parish News: |
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CONTACT INFO: Phone: 337-365-8246 |
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Iberia Parish President M. Larry Richard –RESTORE Act; Subtitle F of Public Law 112-141 - 2/28/2020 For more information contact: Scott Saunier
On July 6, 2012, the President signed into law the Resources and Ecosystems Sustainability,
Tourist Opportunities, and Revived Economies of the Gulf Coast States Act (RESTORE Act;
Subtitle F of Public Law 112-141) . The Act established the Gulf Coast Restoration Trust Fund in
the U.S. Treasury Department. Eighty percent of the civil penalties paid after July 6, 2012, under the Federal Water Pollution Control Act in connection with the Deepwater Horizon oil spill will be deposited into the Trust Fund and invested. Under the Act, amounts in the Trust Fund will be available for programs, projects, and activities that restore and protect the environment and economy of the Gulf Coast region. |
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