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U.S. Code as of:
01/19/04
Section 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 November 5, 1990, and any repayment
schedule established pursuant to this chapter as in effect before
November 5, 1990, are not altered by any provision of this chapter.
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) of this section.
(b)(1) The Secretary shall establish and maintain a fund, to be
known as the "Coastal Zone Management Fund", which shall consist of
amounts retained and deposited into the Fund under subsection (a)
of this section and fees deposited into the Fund under section
1456(i)(3) of this title.
(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 chapter, in
an amount not to exceed for each of fiscal years 1997, 1998, and
1999 the higher of -
(i) $4,000,000; or
(ii) 8 percent of the total amount appropriated under this
chapter for the fiscal year.
(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 1460 of this title; and
(v) 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 1455
of this title.
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