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coastal zone management program, or that it has an approved such program pur- 

 suant to section 306 of this title : 



"(2) has demonstrated to the satisfaction of the Secretary that it has suf- 

 fered, or is likely to suffer, not adverse impacts, according to ihe criteria or for- 

 mula promulgated by the Secretary, and has provided all information required 

 by the Secretary to calculate the amount of the grant or loan ; and 



"(3) has demonstrated to the satisfaction of the Secretary and has provided 

 adequate assurances that the proceeds of such grant or loan will be used in a 

 manner that will be consistent with the coastal zone management program being 

 developed by it, or with its approved program, pursuant to section 305 or 306 

 of this title, respectively. 



"(e) Within 180 days after approval of this Act, the Secretary shall issue 

 regulations prescribing criteria in accordance with this Act for determining 

 the eligibility of a coastal State for grants pursuant to subsections (a), (b), and 

 (c) (1) of this section, and regulations for determining the amount of such grant 

 or loan, in accordance with the following provisions : 



"(1) The regulations shall specify the means and criteria by which the Sec- 

 retary shall determine whether a State's coastal zone has been, or is likely to 

 be, adversely impacted, as defined in this section, and the means and criteria by 

 which 'net adverse impacts' and 'temporary adverse impacts' will be determined. 



"(2) Regulations for grants pursuant to subsection (a) of this section for 

 studying and planning, shall include appropriate criteria for the activities for 

 which funds will be provided under such subsection, including a general range 

 of activities for which a coastal State may request funds. 



"(3) Regulations for grants and/or loans for projects pursuant to subsections 

 (b) and (c) of this section shall specify criteria for determining — 



" ( A ) the amounts which will be provided for such projects ; and 



"(B) guidelines and procedures for evaluating those projects which each 

 coastal State considers to be most needed. 



"(4) Regulations for loans shall provide for such security as the Secretary 

 deems necessary, if any, to protect the interests of the United States and for 

 such terms and conditions as give assurance that such loans will be repaid within 

 the time fixed. 



"(5) In all cases, each recipient of financial assistance under this section shall 

 keep such records as the Secretary shall prescribe including records which fully 

 disclose the amount and disposition by such recipient of the proceeds of such 

 assistance, the total cost of the project or undertaking in connection with which 

 such assistance was given or used, and such other records as will facilitate an 

 effective audit. The Secretary and the Comptroller General of the United States, 

 or any of their duly authorized representatives, shall until the expiration of 3 

 years after the completion of the project or undertaking involved (or repayment 

 of a loan, in such cases) have access for the purpose of audit and examination 

 to any books, documents, papers, and records of such recipients which, in the 

 opinion of the Secretary or the Comptroller General may be related or pertinent 

 to any financial assistance received pursuant to this section. 



"(6) In developing regulations under this section, the Secretary shall consult 

 wnth the appropriate Federal agencies, with representatives of appropriate State 

 and local governments, commercial and industrial organizations, public and pri- 

 vate groups, and any other appropriate organizations with knowledge or con- 

 cerns regarding net adverse impacts that may be associated with the energy 

 facilities affecting the coastal zone. 



"(f) A coastal State may, for the purpose of carrying out the provisions of 

 this section and with the approval of the Secretary, allocate all or a portion of 

 any grant or loan received under this section to (1) a local government; (2) an 

 areawide agency designated under section 204 of the Demonstration Cities and 

 Metropolitan Development Act of 1966; (3) a regional agency; or (4) an inter- 

 state agency : Provided, That such allocation shall not relieve such State of the 

 responsibility for ensuring that any funds so allocated shall be applied in fur- 

 therance of the purposes of this section. 



"(g) A coastal State which has experienced net adverse impacts in its coastal 

 zone as a result of the development or production of energy resources or a result 

 of the location construction, expansion, or operation of energy facilities within 

 3 years prior to the date of enactment of this section is entitled to receive from 

 the Secretary grants or loans pursuant to subsections (a) and (b) of this section 

 to the same extent as if such net adverse impacts were experienced after the 

 date of enactment, and to the extent necessary to reduce or ameliorate or com- 



