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TPCG News Room

Parish President Gordon E. Dove

 

GCCF Modification for Shrimp and Crab Industry

Wednesday November 30, 2011 03:55 pm - 383 Views

GULF COAST CLAIMS FACILITY Second Modification to Final Rules Governing Payment Options, Eligibility and Substantiation Criteria, and Final Payment Methodology (dated February 18, 2011) November 30, 2011 The GCCF has analyzed various economic data including tourism-related revenues and taxable sales to continue to monitor the status of the recovery, both Gulf-wide and on regional levels. The following modification to the GCCF’s Final Rules Governing Payment Options, Eligibility and Substantiation Criteria, and Final Payment Methodology (dated February 18, 2011) (“Final Rules”) is designed to reflect the current economic situation in the Gulf while continuing to provide a methodology for a fair and consistent approach to determine and calculate final and interim payments for individuals and businesses for 2011 losses sustained due to the oil spill. Modifications to the Final Rules outlined below (with the exception of Section I Changes in Compensation for Commercial shrimp and crab Harvesters and Processors), will be effective immediately and applied to all claims submitted to the GCCF postmarked, filed electronically, faxed or hand delivered on or after November 30, the date of this modification. For claims filed on or after November 30, 2011, including claims new to the GCCF and existing claimants filing additional interim or new final claims (including those claimants who previously received an Emergency Advance Payment from the GCCF), the eligibility requirements and computations for Interim Payments and Final Payments will follow the modified rules.

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