852 



all or a portion of any grant received under this subsection to (A) any areawide 

 agency designated under section 204 of the Demonstration Cities and Metropoli- 

 tan Development Act of 1966, (B) any regional agency, or (C) any interstate 

 agency. No provision in this subsection shall relieve any state of the responsi- 

 bility for insuring that any funds allocated to any local government or other 

 agency shall be applied in furtherance of the purposes of this subsection. 



"(b) (1) The Secretary may make grants to any coastal state if he determines 

 that such state's coastal zone is being, or is likely to be, impacted by the loca- 

 tion, construction, expansion, or operation of energy facilities in, or whch sig- 

 nificantly affects its coastal zone. Such grants shall be for the purpose of en- 

 abling such coastal state to study and plan for the economic, social, and environ- 

 mental consequences which are resulting or are likely to result in its coastal 

 zone from such energy facilities. The amount of any such grant may equal up to 

 80 per centum of the cost of such study or plan, to the extent of available funds. 



"(2) The Secretary may make grants to any coastal state if he is satisfied, 

 pursuant to regulations and criteria to be promulgated according to subsection 

 (c) of this section, that such state's coastal zone has suffered, or will suffer, 

 net adverse impacts from any coastal energy activity. Such grants shall be used 

 for, and may equal up to 80 per centum of the cost of carrying out projects, pro- 

 grams, or other purposes which are designed to reduce or ameliorate any net 

 adverse impacts resulting from coastal energy activity. 



"(c) Within one hundred and eighty days after the effective date of this sec- 

 tion, the Secretary shall, by regulations promulgated in accordance with section 

 553 of title 5, United States Code, establish requirements for grant eligibility 

 under subsection (b) of this section. Such regulations shall — 



"(1) include appropriate criteria for determining the amount of a grant and 

 the general range of studying and planning activities for which grants will be 

 provided under subsection (b)(1) of this section ; 



"(2) specify the means and criteria by which the Secretary shall determine 

 whether a state's coastal zone has, or will suffer, net adverse impacts ; 



"(3) include criteria for calculating the amount of a grant under subsection 

 (b)(2) of this section, which criteria shall include consideration of — 



(A) offsetting benefits to the state's coastal zone or a political subdivision 

 thereof, including but not limited to increased revenues, 



"(B) the state's overall efforts to reduce or ameliorate net adverse impacts, 

 including but not limited to, the state's effort to insure that persons whose coast- 

 al energy activity is directly responsible for net adverse impact in the state's 

 coastal zone are required, to the maximum extent practicable, to reduce or 

 ameliorate such net adverse impacts. 



"(C) the state's consideration of alternative sites for the coastal energy 

 activity which would minimize net adverse impacts ; and 



"(D) the availability of Federal funds pursuant to other statutes, regula- 

 tions, and programs, and under subsection (a) of this section, which may be 

 used in whole or in part to reduce or ameliorate net adverse impacts of coastal 

 energy activity ; 



In developing regulations under this section, the Secretary shall consult with the 

 appropriate Federal agencies, which upon request, shall assist the Secretary in the 

 formulation of the regulations under this subsection on a nonreimbursable basis ; 

 with representatives of appropriate state and local governments ; with commercial 

 industrial, and environmental organizations ; with public and private groups ; and 

 with any other appropriate organizations and persons with knowledge or concerns 

 regarding adverse impacts and benefits that may affect the coastal zone. 



"(d) All funds appropriated to carry out the purposes of subsection (b) of this 

 section shall be deposited in a fund which shall be known as the Coastal Energy 

 Activity Impact Fund. The fund shall be administered and used by the Secretary 

 as a revolving fund for carrying out such purposes. General expenses of ad- 

 ministering this section may be charged to the fund. Moneys in the fund may 

 be deposited in interest-bearing accounts or invested on bonds or other obliga- 

 tions which are guaranteed as to principal and interest to the United States. 



"(e) There are hereby authorized to be appropriated to the Coastal Energy 

 Activity Impact Fund such sums not to exceed $125,000,000 for the fiscal year 

 ending September 30, 1977, and for each of the next four succeeding fiscal years, 

 as may be necessary, which shall remain available until expended. 



"(f) It is the intent of Congress that ecah state receiving any grant under para- 

 graph (1) or (2) of subsection (b) of this section shall, to the maximum extent 



