On July 6, 2012, President Obama signed into effect the RESTORE (Resources and Ecosystem Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States) Act. The Act established the Gulf Coast Restoration Trust Fund in the U.S. Department of Treasury and directed 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, to be deposited into the Trust Fund and invested. As part of this Act, 2.5 percent of funds will be dedicated to the establishment of Centers of Excellence in each of the five Gulf Coast States. To download the RESTORE Act document, please click on the button below.
The RESTORE Act Center of Excellence for Louisiana is one of five Centers of Excellence currently designated by the U.S. Department of Treasury. Information about the RESTORE Act and the other designated Centers of Excellence can be found here: