495 



soon as is reasonably practicable, and in no event more than three years from 

 inception. 



"(g) Prior to granting approval of the management plan and program, the 

 Secretary shall find that the coastal State, acting through its chosen agency or 

 agencies (including local governments), has authority for the management of 

 the coastal and estuarine zone in accordance with the management plan and 

 program and such authority shall include power — 



"(1) to administer land and water use regulations, control public and 

 private development of the coastal and estuarine zone in order to assure 

 compliance with the management plan and program, and to resolve conflicts 

 among competing uses ; 



"(2) to acquire fee simple and less than fee simple interests in lands, 

 waters, and other property within the coastal and estuarine zone through 

 condemnation or other means when necessary to achieve conformance with 

 the management plan and program ; 



"(3) to develop land and facilities and to operate such public facilities as 

 beaches, marinas, and other waterfront developments, as may be required 

 to carry out the management plan and program ; 



" (4) to borrow money and issue bonds for the purpose of land acquisition or 

 land and water development and restoration projects ; and 



" (5) to exercise such other functions as the Secretary determines are neces- 

 sary to enable the orderly development of the coastal and estuarine zone in 

 accordance with the management plan and program, 

 "(h) Prior to granting approval, the Secretary shall find that the coastal State, 

 acting through its chosen agency or agencies (including local governments), has 

 authority to review all development plans, projects, or land and water use regula- 

 tions, including exceptions and variances thereto, proposed by any State or local 

 authority or private developer to determine whether such plans, projects, or regu- 

 lations are consistent with the principles and standards set forth in the manage- 

 ment plan and program and to reject a development plan, project, or regulation 

 which fails to comply with such principles and standards : Provided, That such de- 

 termination shall be made only after there has been a full opportunity for 

 hearings. 



"(i) No annual administrative grant to a coastal State shall be made under 

 this section in excess of 15 per centum of the total amount appropriated to carry 

 out the purposes of this section. 



"bond and loan guaranties 



"Sec. 307. In addition to grants-in-aid, the Secretary is authorized under such 

 terms and conditions as he may prescribe, to enter into agreements with coastal 

 States to underwrite by guaranty thereof bond issues or* loans for the purposes of 

 land acquisition, or land and water development and restoration projects : Pro- 

 vided, That the aggregate principal amount of guaranteed bonds and loans out- 

 standing at any time may not exceed $140,000,000. 



"regulations 



"Sec. 308. The Secretary' shall develop and promulgate, pursuant to section 553 

 of title 5, United States Code, after appropriate consultation vrith other interested 

 parties, both public and private, such rules and regulations as may be necessary to 

 carry out the provisions of this title. 



"review of performance 



"Sec. 309. (a) The Secretary shall conduct a continuing review of the com- 

 prehensive management plans and programs of the coastal States and of the per- 

 formance of each coastal State. 



"(b) The Secretary shall have the authority to terminate any financial assist- 

 ance extended under section 306 and to withdraw any unexpended portion of such 

 assistance if (1) he determines that the coastal State is failing to adhere to and 

 is not justified in deviating ffom the program approved by the Secretary ; and (2) 

 the coastal State has been given notice of proposed termination and withdrawal 

 and an opportunity to present evidence of adherence or justification for altering 

 its program. 



