2017-0405
INTRODUCED BY: LARRY COCHRAN, PARISH PRESIDENT
(GRANTS OFFICE)
RESOLUTION NO.
Title
A resolution approving the St. Charles Parish RESTORE Act Multiyear Implementation Plan for submission and approval to the U.S. Department of the Treasury in accordance with the requirements of the RESTORE Act.
Body
WHEREAS, the RESTORE Act established the Gulf Coast Restoration Trust Fund (hereinafter referred to as Trust Fund) in the U.S. Department of the Treasury (hereinafter referred to as Treasury); and,
WHEREAS, eighty percent (80%) 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 by Treasury; and,
WHEREAS, thirty-five percent (35%) of amounts deposited into the Trust Fund are available as Direct Component Allocations to four (4) Gulf Coast states, 23 Florida counties, and 20 Louisiana parishes, including St. Charles Parish; and,
WHEREAS, Trust Fund amounts will be available for eligible activities described in the RESTORE Act; and,
WHEREAS, as of June 30, 2017, St. Charles Parish's Trust Fund Allocation, including Transocean and Andarko Penalty and Interest Payment Deposits and April 2017 BP Penalty Deposits is $349,517.43; and,
WHEREAS, the Direct Component is governed by the regulations at 31 Code of Federal Regulations (hereinafter referred to as C.F.R.) Part 34, as well as the Office of Management and Budget final guidance, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, at 2 C.F.R. Part 200, at 79 Federal Register 75880 (December 19, 2014.); and,
WHEREAS, the Multiyear Implementation Plan (hereinafter referred to as MIP), consisting of a Multiyear Plan Matrix, a map showing locations of proposed project, and a narrative description of the project described therein, must be made available for public review and comment for 45 days, in a manner calculated to obta...
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