UPDATE ON STATUS: RESTORE Direct Component (Bucket 1) RFGA

The Bucket 1 Review Team has submitted its evaluations of the more than 200 project applications, totaling approximately $3.4 billion, received in response to the RFGA for the RESTORE Direct Component (Bucket 1) grant funds. As a reminder, the Bucket 1 Review Team consisted of representatives from several state agencies and the Governor’s Office. Commissioner Baker is in the process of reviewing those completed evaluations and the applications to identify potential projects for funding.

Following Baker’s review, and in collaboration with the Governor, a draft project list will be selected for inclusion in the State’s Multi-Year Implementation Plan (MIP). Under the RESTORE Act this plan is required to secure project funding and will be posted for public comment prior to submission to U.S. Treasury.

Please continue to visit this website for information on when the draft MIP, with the project list, will be posted in both the Texas Register and this website for public comment. Following the 45-day comment period, the finalized MIP will be submitted to the U.S. Treasury for acceptance.

We appreciate the overwhelming interest in the RESTORE Act program and look forward to presenting an MIP to the public that maximizes the benefit of these funds to the environment and economy of the Texas coast.

Texas Trustee Implementation Group Calls for Restoration Project Proposals

The Texas Trustee Implementation Group (Texas TIG) is calling for new or revised restoration proposals by August 31, 2016 in preparation for the next phase of Natural Resource Damage Assessment (NRDA) restoration planning.

Restoration funds allocated to the Texas TIG must be used for five specific restoration types. Early Restoration projects are already funding bird and sea turtle restoration types. Therefore, the Texas TIG is prioritizing current restoration planning efforts on restoration types that were not addressed previously:

1) restore and conserve wetland, coastal, and nearshore habitats;
2) restore water quality through nutrient reduction (nonpoint source); and
3) replenish and protect oysters.

The Texas TIG will also consider projects for engineering and design that focus on the three restoration types mentioned above. The focus will be on these restoration categories, however the Texas TIG will continue to consider any important opportunities for additional restoration and protection of avian resources and sea turtles. All projects will be evaluated using the criteria established in the NRDA regulations (15 CFR 990.54).

Approximately $47.6 million is currently available for restoration project funding in Texas this year. In addition, over the next 15 years, the Texas TIG will receive approximately $124.8 million in additional restoration funding. The current restoration planning effort may utilize all or part of these funds. The Texas TIG may propose both discrete restoration projects as well as one or more programmatic restoration efforts. Each of the projects and programmatic efforts may require multiple years to complete and they may be funded in part by restoration funds received in the future.

Please submit your proposal by August 31, 2016 to be considered by the Texas TIG for the draft restoration plan expected to be released in spring 2017. If you have any questions or need further assistance, please contact TXDWHNRDA@tpwd.texas.gov.

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Congress passed the budget deal, and President Obama signed it; it’s official: these charitable tax breaks are permanent.

In a strong bipartisan action, the Senate voted 65-33 on December 18th to pass the bill that will make the tax incentive for conservation easement donations permanent. This follows yesterday’s 318-109 vote in the House. This legislation has been a priority for the Land Trust Alliance for a decade, and it represents a huge win for conservation, for landowners and for the land trust community. Once signed into law the incentive will be applied retroactively to start Jan. 1, 2015.

Today’s vote also reauthorized the Land and Water Conservation Fund for three years and increased its funding from $306 million last year to $450 million this year.

The enhanced incentives have helped farmers, ranchers and other modest-income landowners increase the pace of land conservation. With the enhancements, land and easement donations can wipe out up to 50% of a taxpayer’s adjusted gross income (100% for farmers) and any unused portion can be carried forward and applied against AGI for up to 15 years. (Current law allows for a 30% of AGI deduction limit and a five-year carryforward.) The proposed deal includes a new provision that would permit Alaska Native Corporations to deduct donations of conservation easements up to 100% of taxable income.

The Land Trust Alliance has been seeking permanency for this incentive for a decade, and it will have a major impact on future conservation, Shay says. There may not be time to ink conservation deals by year-end but permanency would mean that land trusts can reach out to potential conservationists to start the donation conversation, knowing the tax breaks are in place—a huge benefit. 

Thank you to all who reached out to legislators to educate them about both the importance of this incentive and the critical role that land trusts play in communities across the country. And thank you to all those on Capitol Hill who are champions of conservation and this legislation.