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The RESTORE Act, which is part of the "Moving Ahead for Progress in the 21st Century Act" (Pub. L. 112-141 or the Act) signed by the President on July 6, 2012, establishes the Gulf Coast Restoration Trust Fund in the Treasury and gives the Department significant new programmatic responsibilities relating to expenditures of moneys from the Trust Fund. Treasury must issue compliance and auditing procedures for all five programs under the Act, administer two grant programs, and provide supplemental oversight for programs administered by the Gulf Coast Ecosystem Restoration Council. We intend to define our role and the role of others in these activities through the authority we have to issue binding procedures.