1024 



Mr. President, I ask unanimous consent that a factsheet with ref- 

 erence to major provisions of S. 586 be printed in the Eecord. 



There being no objection, the factsheet was ordered to be printed in 

 the Record, as follows : 



Major Provisions of S. 586 



A. Coastal Energy Impact Program — New Section 308. 



1. Annual formula grants to coastal states (Section 308(b)) (appropriations 

 authorization— $50M annually FY77-84). (100% Federal). 



Grants would be allotted among states based upon following proportions cal- 

 culated for each previous fiscal year : 



One-third based upon amount of OCS acreage leased adjacent to a coastal state 

 to total OCS acreage leased ; 



One-sixth based upon volume of oil and natural gas produced adjacent to a 

 coastal state to total volume produced on OCS ; 



One-sixth based upon volume of OCS oil and natural gas produced first landed 

 in a state to all OCS oil and natural gas landed in coastal states ; 



One-third based upon number of individuals in a coastal state who obtain new 

 OCS related employment to total number of individuals who obtain new OCS 

 related employment. 



Formula grants may be used for the following purposes in order of priority : 



a. Retirement of state and local bonds when insufficient tax revenues from 

 coastal energy activity. 



b. Study of, planning for, and development of projects and programs approved 

 by Secretary (Commerce) designed to provide OCS related public facilities and 

 services (available after states have utilized the provLsions of Section 308(d)). 



c. Prevent, reduce or ameliorate unavoidable loss of unique or valuable eco- 

 logical or recreational resources resulting from OCS activity. 



2. Planning grants to study and plan for economic, social, and environmental 

 consequences resulting from activities associated with energy facilities. (Section 

 308(c)) (80% Federal.) 



3. Loans and Federal bond guarantees to coastal states or local governments 

 to assist in providing new or improved public facilities and services related to 

 coastal energy activity (appropriations authorization — $800M in revolving Coastal 

 Energy Impact Fund with $50M maximum authorized for planning grants and 

 environmental grants (d)(4). ( Section 308 ( d ) (1) and (2)). 



4. Grants from Fund to coastal states or local governments if they are unable 

 to meet obligations under a loan or guarantee because net increases in employ- 

 ment and population are not adequate to generate necessary tax revenues ( Sec- 

 tion 308(d) (3)). 



5. Grants from Fund to coastal states if states' coastal zone suffers loss of 

 valuable environmental or recreational resources and if such loss cannot be at- 

 tributed to identifiable persons, or cannot be paid for through other Federal laws. 

 (Section 308(d)(4)). 



6. Secretary must apportion funds for loans, loan guarantees, grants for loan 

 repayment and grants for unattributable environmental losses (all Section 308(d) 

 items) based upon — 



a. new coastal energy activity employment and population in a state ; 



b. standardized unit costs for public facilities and services required by the new 

 population and employment. 



7. Secretary must develop guidelines and procedures for reviewing application 

 information submitted by states on loans and guarantees and for evaluating re- 

 payment schedules to determine whether tax revenues are suffif^ient to repay 

 such obligations or whether grants are required (Section 308(e) (3) ). 



8. In order to be eligible for assistance under Section 308. coastal states must be 

 receiving Section 305 or 306 grants or in the Secretary's view be developing a 

 management program consistent with policies of Section 303. 



B. New Requirements for State Coastal Zone ^Management Programs. 



1. Amends Section 305(b) to add three new work elements requiring planning 

 processes related to beach and public coastal area access, energy facility siting, 

 and shoreline erosion. 



2. Adds one additional year to make states eligible for four programs develop- 

 ment grants and extends Section 305 authority to September 30, 1979. 



