484 



"allotments 



"Sec. 305. (a) In making the grants pursuant to section 304, the Council 

 may make available to a coastal authority up to 50 per centum of the costs of 

 developing a long-range master plan and implementing a development program 

 pursuant to such action. The actual amount of the allotment to each coastal 

 authority shall be determined, in accordance with the Council's regulations, on 

 the basis of (1) the population of the State, (2) the area of public water within 

 the State's coastal zone, and (3) the need for comprehensive planning and 

 development of such coastal zone. 



"(b) In addition to grants-in-aid, the Council may prescribe, to enter into agree- 

 ments with coastal authorities to underwrite by guaranty thereof bond issues or 

 loans for the purpose of land acquisition or land and water development and 

 restoration projects. 



"PATMENTS 



"kSec. 306. The method of computing and paying amounts pursuant to this title 

 shall be as follows : 



"(1) The Council shall, prior to the beginning of each calendar quarter 

 or other period prescribed by it, estimate the amount to be paid to each 

 coastal authority under the provisions of this title for such period, such 

 estimate to be based on such records of the coastal authority and information 

 furnished by it, and souch other investigation and information funished by 

 it, and such investigation, as the Council may find necessary. 



"(2) The Council shall pay to the coastal authority from the allotment 

 available therefor, the amount so estimated by it for any period, reduced 

 or increased, as the case may be, by any sum (not previously adjusted under 

 this paragraph) by which it finds that its estimate of the amount to be paid 

 such coastal authority for any prior period under this ttile was greater or less 

 than the amount which should have been paid to such coastal authority 

 for such prior period under this title. Such payments shall be made through 

 the disbursing facilities of the Treasury Department, at such times and in 

 such installments as the Council may determine. 



"eeview 



"Sec. 307. Whenever the Council after reasonable notice and opportunity for 

 hearing to a coastal authority finds that — 



"(a) the program submitted by such coastal authority and approved 

 iinder section 304 has been so changed that it no longer complies with a 

 requirement of such section ; or 



"(b) in the administration of the program there is a failure to comply 

 substantially with such a requirement, 

 the Council shall notify such coastal authority that no further i>ayments will be 

 made under this title until it is satisfied that there will no longer be any such 

 failure. Until the Council is so satisfied, it shall make no further payments to 

 such coastal authority under this title. 



"becobds 



"Sec. 308. (a) Each recipient of a grant under this Act shall keep such rec- 

 ords as the Chairman of the Council shall prescribe, including records which 

 fully disclose the amount and disposition of the funds received under the grant, 

 and the total cost of the project or undertaking in connection with which the 

 grant was made and the amount and nature of that portion of the cost of the 

 project or undertaking supplied by other sources, and such other records as 

 will facilitate an effective audit. 



"(b) The Chairman of the Council and the Comptroller General of the 

 United States, or any of their duly authorized representatives, shall have access 

 for the purpose of audit and examination to any books, documents, papers, and 

 records of the recipient of the grant that are pertinent to the determination that 

 funds granted are used in accordance with this title. 



