642 



amendment is the joint vrovk of the Committee on (^onmierce and tlie 

 Committee on Interior and Insular Affairs. "While, from my point of 

 view, as a Senator from Louisiana, it misses the mark by far in terms 

 of alleviating the impact on the adjacent coastal States, I and my 

 colleagues on those committees present this as a carefully considered 

 compromise of the various issues involved. 



I think it is a fair compromise, Mr. President, and I therefore offer 

 it and trust that it will be approved. 



Mr. HoLLiXGS. ]Mr. President, as floor manager for this bill, I wel- 

 come the amendment offered by Senators Jolmston, Stevens, Jack- 

 son, Magnuson, and myself to further clarify and strengthen the 

 automatic grants provision of S. 586. The inclusion of this amendment 

 in S. 586 as a substitute for section 308 (k) effects an agreement be- 

 tween chairman of the Committee Commerce (Mr. Magnuson) and 

 the chairman of the Committee on Interior and Insular Affairs (Mr. 

 Jackson) as to the respective jurisdictions of the two committees 

 regarding offshore oil and gas development and administration of the 

 Outer Continental Shelf Lands Act and coastal zone manag-ement 

 and protection pursuant to programs under the Coastal Zone Manage- 

 ment Act or couvsi stent with its goals and objectives. 



As I have stated, the purpose of this am.endment is to resolve incon- 

 sistencies between S. 586 and S. 521. In S. 586, there are significant 

 differences between the approach of section 308 and the approach in 

 section 24 of S. 52L The public interest clearly would not be served by 

 creation of two inconsistent impact fimds, and the chairman of the 

 Interior Committee, Mr. Jackson, agrees with me that the needs of 

 the coastal States can best be met through a syiithesis of the two 

 approaches. 



The amendment, which will be offered to both bills, would adopt the 

 basic provisions of section 308 providing gTants and loans to States for 

 the purpose of planning for environmental, social, and economic im- 

 pacts in the coastal zone resulting from or likely to result from energy 

 resource development or energ;^^ facilities, and for actually handling 

 such impacts by reducing or compensating for them by providing nec- 

 essary public facilities and services. 



The amount of the fund would be reduced, in the amendment, from 

 $250 million to $200 million. Further, the amendment would substitute 

 new language for section 308 (k), the automatic grants provision, 

 which would be increased from $50 million annually to $100 million 

 annually, as is proposed in section 24(d) of S. 521. This subsection 

 would also be changed by increasing the ceiling on the amount of oil 

 and natural gas equivalent landed annually by which State's grant 

 are determined by the Secretaiy of Commerce— though NOAA. The 

 original intent of both S. 586 and S. 521 provisions as to the require- 

 ment that such grants be spent to offset and ameliorate adverse im- 

 pacts remains a central feature of this new language, and both com- 

 mittees would Avish to stress their concern that money not so spent 

 shall be returned by the States to the Treasury. 



It is the agreement of the two committees that, with the approval of 

 this amendment by both parties, the Committee on Interior and Insular 

 Affairs will move to strike from S. 521 section 24 which would establish 

 a coastal State fund administered by the Secretary of the Interior. 



