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Guiding principles for the Bay County RESTORE Act Advisory Committee 1. Process a. Meet all RESTORE Act statutory and rule requirements b. Use a transparent process and engage the public c. Use best available information d. Employ adaptive management – consider results and use the information to improve the Multi-Year Implementation Plan (MYIP) and its implementation e. Ensure the MYIP is consistent with the Bay County Comprehensive Plan 2. Strategies a. Determine and focus on high priority projects b. Use Gulf restoration funds on sustainable long-lasting projects or projects that will have positive long-lasting effects c. Favor high impact projects, including environmental, economic and quality of life considerations d. Avoid creating undue future burdens for taxpayers e. Ensure that every recommended project provides a public benefit 3. Funding a. For RESTORE Direct Component funds, favor funding priority projects that do not have adequate sources of funding, such as other Gulf restoration funds or revenue sources from the project that could be used to fund the project b. Use Direct Component funds to leverage other sources of funds for the project or to fund other aspects of high priority projects/objectives c. Annually consider limits and/or maximums to funding for a single project, reserving a portion of funds to support future priority projects, and/or annual allocations of available funds. 2014-09-22