RESTORE Act Grant Allocations Proposed for Louisiana Parishes

The Treasury Department recently announced that it is seeking comments by Tuesday, Sept. 2 on proposed regulations concerning RESTORE Act amounts available to eligible Louisiana parishes from the Gulf Coast Restoration Trust Fund.

Based on a formula that accounts for oiled shoreline, parish population, and parish land mass, the proposed rule allocates a distribution percentage to the 20 Louisiana parishes that were previously identified as eligible to receive Direct Component grants.