794 



68 



30, 1984, and September 30, 1985, as may be necessary, for grants 

 under section 315 of this Act, to remain available imtil expended. 



"(b) There are also authorized to be appropriated such sums, not 

 to exceed $5,000,000 for the fiscal year ending June 30, 1976, $1,200,000 

 for the transitional fiscal quarter ending September 30, 1976, $5.- 

 000,000 for the fiscal year ending September 30, 1977, $5,000,000 for 

 the fiscal year ending September 30, 1978, $5,000,000 for the fiscal year 

 ending September 30, 1979, and $5,000,000 for the fiscal year ending 

 September 30, 1980, as may be necessary, for administrative expenses 

 incident to the administration of this Act.". 



(16) The Coastal Zone Management Act of 1972, as amended (16 

 U.S.C. 1451 et seq.) is amended by inserting therein the following two 

 new sections: 



"limitations 



"Sec. 318. (a) Nothing in this Act shall be construed — 



"(1) to authorize or direct the Secretary, or any other Federal 

 official, to intercede in a State land- or water-use decision with 

 respect to non-Federal lands except to the extent and in the 

 manner specifically authorized by this Act ; 



"(2) to require the approval of the Secretary as to any par- 

 ticular State land- or water-use decision as a prerequisite to siich 

 State's eligibility for grants or loans under this Act; or 



"(3) to expand or extend Federal review or approval authority 



with respect to the siting or location of any specific energy 



facility. 



"(b) Any grant or loan made pursuant to section 308 of this Act 



shall not be deemed a 'major Federal action' for the purposes of section 



102(2) (C) of the National Environmental Policy Act of 1969 (Public 



Law 91-190). 



"state and local government bond guarantees 



"Sec. 319. (a) The Secretary is authorized, subject to such terms 

 and conditions as the Secretary prescribes, to make commitments to 

 guarantee and to guarantee against loss of principal or interest the 

 holders of bonds or other evidences of indebtedness issued by a State 

 or local government to reduce, ameliorate or compensate the adverse 

 impacts in the coastal zone resulting from or likely to result from the 

 exploration for, or the development of production of, energy- resources 

 of the Outer Continental Shelf. 



"(b) The Secretary shall prescribe and colle<?t a guarantee fee in 

 connection with guarantees made pursuant to this section. Such fees 

 shall not exceed such amounts as the Secretary estimates to be ne<*es- 

 sary to cover the administrative costs of carrying out the provisions 

 of this section. -Sums realized from such fees shall be deposited in the 

 Treasury as miscellaneous receipts. 



"(c) (1) Payments required to be made as a result of any gi;arantee 

 pursuant to this section shall be made by the Secretary of the Treasury 

 from funds hereby authorized to be appropriated in such amounts as 

 may be necessary for such purpose. 



