Coastal Zone Management Act of 1972
SEC. 308 [16 U.S.C. 1456a] Coastal Zone Management Fund
(a)(1) The obligations of any coastal state or unit of general purpose local government to repay loans made pursuant to this section as in effect before the date of the enactment of the Coastal Zone Act Reauthorization Amendments of 1990, and any repayment schedule established pursuant to this Act as in effect before that date of enactment, are not altered by any provision of this title. Such loans shall be repaid under authority of this subsection and the Secretary may issue regulations governing such repayment. If the Secretary finds that any coastal state or unit of local government is unable to meet its obligations pursuant to this subsection because the actual increases in employment and related population resulting from coastal energy activity and the facilities associated with such activity do not provide adequate revenues to enable such State or unit to meet such obligations in accordance with the appropriate repayment schedule, the Secretary shall, after review of the information submitted by such State or unit, take any of the following actions:
(A) Modify the terms and conditions of such loan.
(B) Refinance the loan.
(C) Recommend to the Congress that legislation be enacted to forgive the loan.
(2) Loan repayments made pursuant to this subsection shall be retained by the Secretary as offsetting collections, and shall be deposited into the Coastal Zone Management Fund established under subsection (b).
(b)(1) The Secretary shall establish and maintain a fund, to be known as the "Coastal Zone Management Fund' (hereinafter in this section referred to as the "Fund'), which shall consist of amounts retained and deposited into the Fund under subsection (a).
(2) Subject to amounts provided in appropriation Acts, amounts in the Fund shall be available to the Secretary for use for the following:
(A) Expenses incident to the administration of this title, in an amount not to exceed--
(i) $5,000,000 for fiscal year 1991;
(ii) $5,225,000 for fiscal year 1992;
(iii) $5,460,125 for fiscal year 1993;
(iv) $5,705,830 for fiscal year 1994; and
(v) $5,962,593 for fiscal year 1995.
(B) After use under subparagraph (A)--
(i) projects to address management issues which are regional in scope, including interstate projects;
(ii) demonstration projects which have high potential for improving coastal zone management, especially at the local level;
(iii) emergency grants to State coastal zone management agencies to address unforeseen or disaster-related circumstances;
(iv) appropriate awards recognizing excellence in coastal zone management as provided in section 314;
(v) program development grants as authorized by section 305; and
(vi) to provide financial support to coastal States for use for investigating and applying the public trust doctrine to implement State management programs approved under section 306.
(3) On December 1 of each year, the Secretary shall transmit to the Congress an annual report on the Fund, including the balance of the Fund and an itemization of all deposits into and disbursements from the Fund in the preceding fiscal year.