RESTORE Act Direct Component - Construction and Real Property Acquisition Activities | GR RDC 22 002

Opportunity Information: Apply for GR RDC 22 002

The RESTORE Act Direct Component - Construction and Real Property Acquisition Activities opportunity is part of the U.S. Department of the Treasury's RESTORE Act Program, created after the Deepwater Horizon oil spill. It draws from the Gulf Coast Restoration Trust Fund, which receives 80 percent of certain civil penalties paid under the Federal Water Pollution Control Act in connection with that spill (for penalties paid after July 6, 2012). Those funds are deposited into the Trust Fund and invested, and then distributed through five different RESTORE Act components. This particular notice is tied to the Direct Component, which is one of the main pathways Treasury uses to make awards to eligible recipients for Gulf Coast recovery and revitalization work.

The core purpose of the Direct Component funding is to support activities that help restore and protect Gulf Coast natural resources and ecosystems while also strengthening the region's economy and communities. The eligible activity areas defined in the RESTORE Act are broad and span environmental restoration, economic development, and community resilience. They include restoration and protection of natural resources and habitats (such as fisheries, marine and wildlife habitats, beaches, and coastal wetlands), mitigation of damage to fish and wildlife, and implementation of federally approved marine, coastal, or comprehensive conservation management plans (including fisheries monitoring). Beyond environmental work, the statute also authorizes workforce development and job creation efforts, improvements to state parks in coastal areas affected by the spill, infrastructure projects that benefit the economy or ecological resources (including port infrastructure), and coastal flood protection and related infrastructure. It also allows planning assistance, administrative costs, promotion of tourism (including recreational fishing), and promotion of Gulf seafood consumption. A key geographic rule applies: activities in categories 1 through 7 must be carried out in the Gulf Coast region.

This funding opportunity is discretionary and uses a grant instrument. It is identified as Funding Opportunity Number GR RDC 22 002 and is associated with CFDA 21.015. Treasury listed the activity categories as covering employment, labor and training, environment, natural resources, and other related areas. Eligible applicants include state governments and county governments, with additional eligible entities referenced in the full eligibility guidance (described as "others" in the notice). The announcement was created on July 1, 2022, with an original application closing date of August 31, 2022.

In terms of scale, the notice lists an award ceiling of $110,099,450 and anticipates making 2 awards. The opportunity is positioned to fund projects that fit within the RESTORE Act's authorized uses and that align with the planning and implementation structure Treasury requires under the Direct Component, including planning assistance needed to prepare the Multiyear Implementation Plan required by the RESTORE Act. While this notice is titled around construction and real property acquisition, the description emphasizes that Treasury has multiple related notices and that applicants should use the specific construction and real property acquisition announcement when proposing projects that involve construction and/or acquisition of real property, while this Direct Component announcement also addresses eligible non-construction activities and planning support connected to the required Multiyear Plan.

• The US Department of the Treasury, U.S. Dept. of Treasury RESTORE Act Program in the employment, labor and training, environment, natural resources, other (see text field entitled explanation of other category of funding activity for clarification) sector is offering a public funding opportunity titled "RESTORE Act Direct Component - Construction and Real Property Acquisition Activities" and is now available to receive applicants.
• Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 21.015.
• This funding opportunity was created on Jul 01, 2022.
• Applicants must submit their applications by Aug 31, 2022 No Explanation. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
• Each selected applicant is eligible to receive up to $110,099,450.00 in funding.
• The number of recipients for this funding is limited to 2 candidate(s).
• Eligible applicants include: State governments, County governments, Others (see text field entitled Additional Information on Eligibility for clarification).

Apply for GR RDC 22 002

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