1062 

 12 



expansion^ or operation of such neio or expanded energy facilities. The 

 amount of any su/yh grant shall not exceed 80 per centum of the cost 

 of such study and planning. 



"(fi?) (1) The Secretary shall make loans to any coastal state and to 

 any unit of general purpose local government to assist such state or 

 unit to provide new or improved public facilities or public services., or 

 both., which are required as a result of coastal energy activity. Such 

 loans shall be made solely pursuant to this title., and no such loan shall 

 require as a condition thereof that any such state or unit pledge its full 

 faith and credit to the repayment thereof. No loan shall be made under 

 this paragraph after September 30, 1986, 



"(^) The Secretary shall, subject to the provisions of subsection 

 (/), guarantee, or enter into commitments to guarantee, the payment 

 of interest on, and the principal amount of, any bond or other 

 evidence of indebtedness if it is issued by a coastal state or a unit of 

 general purpose local government for the purpose of providing new or 

 improved public facilities or public services, or both, which are 

 required as a result of a coastal energy a-ctivity. 



"(5) // the Secretary finds that any coastal state or unit of general 

 purpose local government is unable to meet its obligatio^is pursuant to 

 a loan or guarantee maAe under paragraph (1) or (2) because the 

 actual increases in employment and related population resulting from 

 coastal energy activity and the facilities associated irith such activity 

 do not provide adequate revenues to enable such state or unit to meet 

 such obligations in accordance with the appropriate repayment sched- 

 ule, the Secretary shall, after review of the informatimi submitted by 

 such state or unit pursuant to subsection {c){3), take any of the 

 following actions : 



"(4) Modify appropriately the terms and conditions of such 

 loan or guarantee. 



" (^ ) Refinance such loan. 



"(6') Make a supplemental loan to such state or unit the pro- 

 ceeds of which shall be applied to the payment of principal and 

 interest due under such loan or guarantee. 



"(Z>) Make a grant to such state or unit the proceeds of which 

 shall be applied to the payment of principal an.d interest due 

 under such loan or guarantee. 

 N otwithstanding the preceding sentence, if the Secretary — 



"(/) has taken action under subparagraph (A), (B), or (C) 

 with respect to any loaii or guarantee made under paragraph {!) 

 or (^), and 



'"'■{ii) finds that additional action under subparagraph {A), 



(B), or (C) will not enable such state or unit to meet, icithin a 



reasonable time, its obliaations under such loan -or guarantee and 



any additional obligations related to such loan or guarantee; 



the Secretary shall make a grant or grants under subparagraph (D) 



to such state or unit in an amount sicfficicnt to enable such state or unit 



to meet surh outstandina oldiqations. 



"(4) The Secretary shall make grants to any coastal state to enable 

 such state to prerent, reduce, or ameliorate any unavoidable loss in 

 such state's coastal zone of any valuable environmental or recreational 

 resource, if such loss results from coastal energy activity, if the Secre- 

 tary fnds that such state has not received amounts under suhsection {b) 

 which arc sufficient to prevent, reduce, or ameliorate such loss. 



