1063 

 13 



"(e) Rules and regulations with respect to the following matters 

 shall he fromul gated hy the Secretary as soon as practicable^ hut not 

 later than 270 days after the date of the enactment of this section: 



"(i) A formula and procedures for apportioning equitahly^ 

 among the coastal states, the amounts which are availahle for the 

 provision of financial assistance under subsection (d). Such for- 

 mula shall he based on, and limited to, the following factors: 



"(^) The number of additional individuals who are ex- 

 pected to become employed in new or expanded coast (d energy 

 activity, and the related neiu population, who reside in the 

 respective coastal states. 



"(^) The standardized unit costs (as determiTied hy the 

 Secretary hy imle), in the relevant regions of such states, for 

 new or imjyroved public facilities and public services which 

 are required as a result of such expected employment ami the 

 related new population. 

 "(^) Criteria under which the Secretary shall review each 

 coastal state''s compliance with the requirements of subsection 



" {3) Criteria and pn^ocedures for evaluating the extent to which 

 any loan or guarantee under subsection (d) (1) or (2) which is 

 applied for by any coastal state or unit of general purpose local 

 government can be repaid through its ordinai^y methods and rates 

 for generating tax revenues. Such procedures shall require such 

 state or unit to ^^ubinit to the Seci-ctary such information which is 

 specified by the Secretary to be necessary for such evaluation, in- 

 cluding, but not limited to — 



"(^) a statement as to the number of additional indi- 

 viduals irho are expected to become employed in the new or 

 expanded coastal energy activity involved, and the related 

 new population, who reside in such state or unit: 



"(^) a description, and the estimated costs, of the new or 

 improved public facilities or public services needed or likely 

 to be needed as a result of such expected employment and re- 

 lated 71CW population : 



"(C') a projection of such state''s or unit's estimated tax 

 receipts during such reasonable time thereafter, not to exceed 

 30 years, which will he available for the repayment of such 

 loan or guai^antee; and 



"(Z>) a proposed repayment schedvle. 

 The procedures required by this paragraph shall also provide for 

 the periodic verif cation, review, and modif cation {if necessary) 

 by the Secretary of the information or other material required 

 to he submitted pursuant to this paragraph. 



"(4) Requirements, terms, and conditions {"which may include 

 the posting of security) which shall be imposed by the S<'rretary, 

 in connectio7\ with loans and guarantees made under subsection 

 {d){l) and {2). in order to assure repayment ivithin the time 

 fxed. to assuir that the proceeds thereof may not be n.sed to pro- 

 vide public services for an unrea^sonable length of time, and ofher- 

 wise to protect the financial interests of the Ignited States. 



"(5) Criteria under which the Secretary shall establish rates 

 of interest on loans made under subsection {<1) (/) and (3). Such 

 rates shall not exceed the current average market yield on out- 



