Frequently Asked Questions (FAQs)
Q: What is the status of the Treasury Department regulations?
A: On September 6, 2013, the U.S. Department of the Treasury issued a proposed regulation containing draft procedures for the expenditure of RESTORE Act funds. The proposed regulation was open for public comment for 60 days, until November 5, 2013. You can view the proposed regulation here. The RESTORE Act called upon the Treasury to establish procedures for administering RESTORE Act funds and for assessing the compliance of funded projects by January 2, 2013. The Treasury has stated that it anticipates publishing binding procedures soon after the close of the 60-day comment period.