989 



103 



In developing regulations under this section., the Secretary shall con- 

 sult with the appropriate Federal agencies., ichich upon request., shall 

 assist the Secretary in the formulation of the regulations under this 

 subsection on a nonreimbursable basis; with representatives of appro- 

 priate state and local governments ; with corrbmercial, 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 secti^yn shall be deposited in a fund which shall be known 

 as the Coastal Energy Activity Innpact Fund. The fund shall be ad- 

 ministered and used by the Secretary as a revolving fund for carrying 

 out such purposes. General expenses of administering this section may 

 be charged to the fund. Moneys in ths fund may be deposited in inter- 

 est-bearing accounts or invested in bonds or other obligations 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 Impaxit Fund such sums not to exceed $125.fX)OfiOO 

 for the fiscal year eriding September 30, 1977, and for each of the next 

 four succeeding fiscal years, as may be necessary, which shall remain 

 available until expended. 



(/) It is the intent of Congress that eajch state receiving any grant 

 under paragraph (J) or (2) of subsection (b) of this section shall, 

 to the maximum extent practicable, allocate all or a portion of su^ch 

 grant to any local government thereof which has suffered or may 

 suffer n£t adverse irripacts resulting from coastal energy activities arid 

 such allocation shall be on a basis lohich is proportional to the extent 

 of such net adverse impact. In addition., any coastal state may, for 

 the purpose of carrying out the provisions of subsection (b) of this 

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

 of any grant received to (1) any areawide agency designated under 

 section 20Jf of the Demonstration Cities and Metropolitan Develop- 

 ment Act of 1966, {2) any regional agency^ or {3) any interstate 

 agency. No provision in subsection (b) of this section shall relieve a 

 state of the responsibility for insuring that any funds so allocated to 

 any local government or any other agency shall be applied in further- 

 ance of the purposes of such subsection. 



(g) No coastal state is eligible to receive any payment under sub- 

 section (a) of this section, or any grant under subsection (b) of this 

 section unless such state — 



(1) is receiving a program development grant under section 

 306 of this title or., is making satisfactory progress, as determined 

 by the Secretary, toward the development of a coastal zone man- 

 agement program, or has such a program approved pursuant to 

 section 306 of this title; and 



(2) has demonstrated to the satisfaction of, and has provided 

 adequate assurances to, the Secretary that the proceeds of any 

 such payment or grant will be used in a manner consistent with 

 the coastal zone rnanagement program being developed by it, or 

 with its approved program, consistent with the goals and objec- 

 tives of this title. 



