679 



off bonds previously approved by the Secretary of Commerce under 

 section 306 issued by municipalities or lower subdivisions of Govern- 

 ment ; second, to pay off similar bonds under section 306 previously ap- 

 proved by the Secretary of Commerce or by a State ; and, third, the 

 balance within the same framework of overall amount eligibility goes 

 to the State, but to be used for those purposes to ameliorate the impacts. 

 Those impacts are spelled out, I think, rather carefully under the bill 

 to relate to ameliorating the effects of oil and gas production. 



Mr. Stevens. May I emphasize to the Senator from Arkansas if 

 they are not used to meet adverse impacts from offshore development, 

 the funds revert to the Treasury of the United States. 



Mr. Bumpers. Is the word "adverse" in the bill? Does it say im- 

 pact or adverse impact ? 



Mr. Stevexs. "Adverse impact." 



Mr. BuivrPERs. Finally, for the Senator from Alaska my final ques- 

 tion is this : We have just reported the Outer Continental Shelf drill- 

 ing bill, S. 521, which will soon be on the calendar and which will be 

 coming up before the Aug-ust recess. That bill also has substantial au- 

 thorizations of sums to be appropriated for this identical purpose. 



Mr, Stevens. We have consented and we will offer to that bill the 

 amendment that the Senator from Louisiana and I have offered to this 

 bill so that we would not have redundant provisions. The first act 

 passed, of course, v/ould be the one that would govern. Obviously, in 

 tlie second act the matter would be dropped. But they are identical pro- 

 visions with the exception, as I understand it, in S. 521 we will have 

 a concept that would legard the Secretary of the Interior's jurisdiction 

 over the revenues from OCS lands. This bill does not have any refer- 

 ence to the revenues from OCS lands. This bill does not have any ref- 

 ference to the revenues from OCS because of the fact that we do not 

 have that jurisdiction. 



Mr. Bumpers. I thank the Senator. 



Mr. HoLLiNGS. The Senator from Washington and myself have 

 signed a joint statement with regard to that. 



Mr. President, we are ready to yield back the remainder of our 

 time. I know the Members want to move forward. 



We have problems. We have problems in the coastal regions, not just 

 States but regions, I emphasize that. 



We have utility siting problems everywhere in Arkansas, and in the 

 remainder of South Carolina. But as to the contention of the Senator 

 from Arkansas in this particular amendment, until we can solve the 

 whole problem, let us not attempt to solve part of it. 



Congress saw otherwise, and has already been solving a part of it 

 with the Coastal Zone INIanagement Act of 1972. This measure merely 

 updates that act. The distinguished Senator tries to extract from that 

 particular provision of the act that nothing, unless it is offshore, should 

 be compensated for, even though it might have an impact within that 

 particular area. 



That was not the original intent of the concept. We read it from the 

 original act. 



I hope my colleagues will reject the amendment. 



Are we going to get the yeas and nays ? 



Mr. Bumpers. How much time do we have remaining, Mr. 

 President ? 



65-319— 7G 44 



