The following projects were reviewed and approved by the Monroe County Board of County Commissioners at their February 18, 2015 meeting
With awarded projects, staff will now develop a “Multi-Year Implementation Plan” as required by law. That plan will then be posted on this site for public review, presented to the County Commission for its approval, and then submitted to the US Department of Treasury.
To clarify the terminology: “Direct Component” is the formal term for “Local Pot.” This funding streams directly to Monroe County, We, at the local level, have the authority to determine what RESTORE Act-eligible projects we wish to fund with these dollars.
Monroe County will receive $1,163,546 in Direct Component/Local Pot funds. This amount for Monroe is determined by a formula applied to the funds currently in the Treasury as a result of the Deepwater Horizon spill.
At this point, only settlement dollars from Transocean have been paid to the Treasury. It’s important to note that the rules clarify that we may not apply for any funds other than this amount that is currently available. In other words, we may not apply for any funds anticipated through a settlement or fine with BP at this time.