491 



"(c) When the appropriate coastal authority approves a development project 

 of any Federal agency in the coastal zone as consistent with its master plan, 

 the Council may, upon petition of at least six of its members, review such devel- 

 opment project, and after receiving detailed comments from both the Federal 

 agency and the coastal authority and investigating the proposed development 

 project, reject such development project if it finds that such project is, on balance, 

 inconsistent with the general objectives of this title. 



"(d) All Federal agencies shall include in any request for authorization or 

 funding of Federal projects in a coastal zone a statement of their relevance to 

 the plan of the appropriate coastal authority. 



"regulations 



"Sec. 313. In carrying out the provisions of this title, the Council may issue 

 such regulations as may be appropriate. 



"VOTIXG 



"Sec. 314. All Council actions taken under this title shall be by majority vote 

 of its members. In the event of a tie vote, tlie Chairman, is authorized to cast an 

 additional vote. 



"ANNITAL EEPORT 



"Sec. 315. (a ) The Council shall prepare and submit to the President for trans- 

 mittal to the Congress not later than January 1 of each year a comprehensive 

 report on the administration of this title for the preceding calendar year. Such 

 report shall include but not be restricted to (1) an identification of the State 

 programs approved pursuant to this title during the preceding calendar year and 

 a description of these programs; (2) a listing of the States participating in the 

 provisions of this title and a description of the status of each State's programs 

 and its accomplishments during the preceding calendar year ; (3) an itemization 

 of the allotment of funds to the various coastal authorities and a breakdown 

 of the major projects and areas on which these funds were expended; (4) an 

 identification of any State programs which have been reviewed and disapproved 

 or with respect to which grants have been terminated under this title, and a 

 statement of the reasons for such action; (5) a listing of the Federal develop- 

 ment projects which the Council has reviewed under section 309 of this title and 

 a summary of the final action taken by the Council with respect to each such 

 project; (6) a summary of the regulations issued by the Council or in effect dur- 

 ing the preceding calendar year; and (7) a summary of outstanding problems 

 arising in the administration of this title in order of priority. 



"(b) The report required by subsection (a) shall contain such recommenda- 

 tions for additional legislation as the Council deems necessary to achieve the 

 objectives of this title and enhance its effective operation. 



"TITLE IV— MISCELLANEOUS 



"mabine eesoueces fund 



"Sec. 401. The sum of $125,000,000 of all revenues received in each fiscal year 

 beginning after June 30, 1970, to the extent such revenues otherwise would be 

 deposited in miscellaneous receipts of the United States Treasury, under the 

 Outer Continental Shelf Lands Act (67 Stat. 462; 43 U.S.C. 1337 et seq.), includ- 

 ing the funds held in escrow under the interim agreement of October 12, 1956, 

 between the United States and Louisiana, to the extent the United States is deter- 

 mined to be entitled to such escrow fund, shall be placed in a special fund in the 

 Treasury to be known as the 'Marine Resources Fund'. Money in such fund shall 

 be used only for the purposes of (1) assistance to States qualifying under the 

 provisions of title III of this Act, and (2) funding of programs authorized under 

 title II of this Act, and are hereby authorized for such use to the extent made 

 available in appropriation Acts." 



