588 



Pub. Law 94-370 - 8 - July 26, 1976 



assistance to meet the needs of coastal states and local governments in 

 such states resulting from specified activities involving energy devel- 

 opment. Such assistance, which includes — 



"(A) grants, under subsection (b), to coastal states for the 

 purposes set forth in subsection (b) (4) with respect to conse- 

 quences resulting from the energy activities specified therein; 



"(B) grants, under subsection (c), to coastal states for study 

 of, and planning for, consequences relating to new or expanded 

 energy facilities in, or which significantly affect, the coastal zone ; 

 "(C) loans, under subsection (d) (1), to coastal states and units 

 of general purpose local government to assist such states and 

 units to provide new or improved public facilities or public serv- 

 ices which are required as a result of coastal energy activity ; 



"(D) guarantees, under subsection (d) (2) and subject to the 

 provisions of subsection (f), of bonds or other evidences of in- 

 debtedness issued by coastal states and units of general purpose 

 local government for the purpose of providing new or improved 

 public facilities or public services which are required as a result 

 of coastal energy activity ; 



"(E) grants or other assistance, under subsection (d)(3), to 

 coastal states and units of general purp>ose local government to 

 enable such states and units to meet obligations under loans or 

 guarantees under subsection (d) (1) or (2) which they are 

 unable to meet as they mature, for reasons specified in subsection 

 (d)(3); and 



"(F) grants, under subsection (d) (4), to coastal states which 



have suffered, are suffering, or will suffer any unavoidable loss 



of a valuable environmental or recreational resource; 



shall be provided, administered, and coordinated by the Secretary in 



accordance with the provisions of this section and under the rules and 



regulations required to be promulgated pursuant to paragraph (2). 



Any such financial assistance shall be subject to audit under section 



Post , p. 1030. 313. 



■ Pules and regu- " (2) The Secretary shall promulgate, in accordance with section 317, 

 lations. sugj^ rules and regulations (including, but not limited to, those 



10 uit^ I'ioa. required under subsection (e) ) as may be necessary and appropriate to 

 carry out the provisions of this section. 



"(b) (1) The Secretary shall make grants annually to coastal states, 

 in accordance with the provisions of this subsection. 

 Calciilations. "(2) The amounts granted to coastal states under this subsection 



shall be, with respect to any such state for any fiscal year, the sum of 

 the amounts calculated, with respect to such state, pursuant to subpara- 

 graphs (A), (B), (C),and (D) : 

 — "(A) An amount which bears, to one-third of the amount 



appropriated for the purpose of funding grants under this subsec- 

 tion for such fiscal year, the same ratio that the amount of outer 

 Continental Shelf acreage which is adjacent to such state and 

 which is newly leased by the Federal Government in the immedi- 

 ately preceding fiscal year bears to the total amount of outer 

 Continental Shelf acreage which is newly leased by the Federal 

 Government in such preceding year. 



"(B) An amount which bears, to one-sixth of the amount 

 appropriated for such purpose for such fiscal year, the same ratio 

 that the volume of oil and natural gas produced in the immediately 

 preceding fiscal year from the outer Continental Shelf acreage 

 which is adjacent to such state and which is leased by the Federal 



90 STAT. 1020 



