776 



50 



be responsible for seein^r that such funds are used in a manner con- 

 sistent with this act, including audits. The Comptroller General shall 

 assist the Secretary in this respect upon request. The Secretary of the 

 Treasury is hereby directed to advise the Secretary of Commerce 

 (NOAA) in all respects with respect to these guarantees. Section 

 319(b) requires the Secretary (throujrh NOAA) to prescribe and 

 collect a guarantee fee. Such fees shall be charged to the party ordi- 

 narily responsible for such fees by usual business practice. The fees 

 are to cover administrative costs under this section. This subsection 

 also provides that in the event payments are required to be made as 

 a result of guarantees under this section, they shall be made by the 

 Secretary of the Treasury from funds authorized to be appropriated 

 under this section, such authoiization being for the amounts as may 

 be necessary. 



It is additionally provided that the Attorney General is responsible 

 for taking such legal action as is necessary to recover the amounts paid 

 pursuant to the guarantees from the defaulting State or local govern- 

 ment which issued the bonds. As previously noted, section 308 (k) 

 provides for the retirement of bonds issued under the section. 



Sertioit lOS. 



This section pi-ovides an additional Associate Administrator for 

 NOAA who shall be the Associate Administrator' for Coastal Zone 

 Management, appointed by. and with, the consent of the President. He 

 will be compensated at tlie rate provided for level V of the executive 

 pav schedule. The Committee believes the person in charge of the 

 CZM progi'am in NOAA is, and will be. bearing lesponsibility which 

 indicate that he should be an Associate Administratoi-. He must be a 

 person with considerable administrative experience in the coastal zone 

 management program area aiid who has a b:ickground which will 

 enable him to perform the coastal zone management responsibilities of 

 NOAA. 



Estimated Costs 



Pursuant to section 252 of the Legislative Reorganization Act of 

 1970, the committee estimates that the additional costs for implemen- 

 tation of the provisions of S. 586, over and above the anticipated ap- 

 propriations under existing authorizations contained in the Coastal 

 Zone Management Act (Public Law 92-583, as amended. Public Law 

 93-612). would be as follows: $399 million for fiscal year 1976; $112.05 

 million for the transitional fiscal quarter ending September 30, 1976; 

 $399 million for the fiscal vear 1977; $405 million for the fiscal year 

 1978; $105 million for the fiscal year 1979; $130 million for the fiscal 

 year 1980; $75 million for the fiscal years 1981, 1982, 1983, 1984, 1985. 



The total increase in authorization over the period from fiscal year 

 1976 to fiscal year 1985 would amount to approximately $1,925.05 

 million.^ 



See chart and notes following. 



This chart represents the appropriations authorized by S. 586 by 

 section for each fiscal year in effect. The numeral in each matrix indi- 



^ This fisnire does not include fundings a\ithorizpd under section 308 (automatic grants) 

 after fiscal year 1978 nor funds necessary to fulfill bond obligations upon default. 



