1 shall be determined pursuant to subsection (b), subject to a 2 limit that the amount deposited in any calendar year, begin3 ning January 1, 1983, shall not exceed 110 percent of the 4 amount deposited in the previous calendar year. 5 (b) Beginning January 1, 1982, and for each calendar 6 year thereafter, the Secretary of the Treasury shall as soon 7 as practicable following each calendar year 8 9 10 11 12 13 14 15 16 17 18 19 222 (1) determine for the preceding calendar year the amount of money deposited into the Treasury of the United States pursuant to section 9 of the Outer Conti nental Shelf Lands Act (43 U.S.C. 1338) derived from (A) the bonus revenues from each tract; and (B) the royalty revenues from each tract; (2) maintain for each tract an account within the Fund corresponding to bonus revenues derived from each tract leased after January 1, 1982; (3) deposit 4 percent of all such bonus revenues derived from each tract into the Fund; and (4) deposit 6 percent of all such royalty revenues derived from each tract after January 1, 1982 into the Fund. 1 2 OCEAN AND COASTAL DEVELOPMENT IMPACT ASSISTANCE BLOCK GRANTS 3 SEC. 5. (a) Subject to subsection (a) of section 6, the 4 Secretary of the Treasury shall pay from the Fund a block 5 grant, for the calendar year ending December 31, 1983, and 6 for each calendar year thereafter— coastal State an amount of (1) to each coastal $4,000,000, except that, those States with a coastal management program approved pursuant to the Coastal Zone Management Act of 1972 (16 U.S.C. 1451, et seq.) shall receive an additional $2,000,000; (2) to each coastal territory an amount of $1,000,000, except that, those coastal territories with a coastal management program approved pursuant to the Coastal Zone Management Act of 1972 (16 U.S.C. 1451, et seq.) shall receive an additional $1,000,000; and (3) to each coastal State or territory an amount from the remainder in the Fund determined by the Secretary of Commerce under a formula established by the Secretary which gives the following percent consid eration to each of the following criteria; (A) a 35-percent consideration for the amount of oil or gas produced from tracts in 1 2 3 +4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 which the State had an interest pursuant to sub section (c); (B) a 20-percent consideration for the amount of bonus revenues that were received in the calendar year prior to the calendar year of disbursements from the Fund, which were derived from tracts in which the State had an interest pursuant to subsection (c); (C) a 5-percent consideration for the amount of oil or gas during the previous calendar year which is (i) derived from tracts, regardless of the distance of any tract to the State; and (ii) first landed or makes its first physical contact in the State; (D) a 25-percent consideration for the amount of coastal population of the State; and (E) a 15-percent consideration for the length of coastal shoreline of the State. (b) Subparagraphs (D) and (E) of subsection (a)(3) shall 21 apply only if the State has a management program approved, 22 or is found to be making satisfactory progress toward approv 23 al, pursuant to the Coastal Zone Management Act of 1972 24 (16 U.S.C. 1451 et seq.). 12-448 O - 83 - 2 1 (c) For purposes of this Act, a State has an interest in a 2 tract if any part of the tract is within a linear distance of 250 3 nautical miles from the coastline of the State. 4 (d) For those tracts in which more than one State has an 5 interest pursuant to subsection (c), each State shall have a 6 percent interest inversely proportioned to the relative dis7 tance from the closest point on the coastline of each State or 8 territory to the closest part of such tract. If a straight line 9 could not be drawn from a tract to the outer edge of a coastal 10 State's waters without crossing the land mass of another 11 State, the coastal State shall get no share of the revenues 12 from the tract. 13 14 REQUIREMENTS ON THE USE OF BLOCK GRANTS SEC. 6. (a) No block grant shall be paid from the Fund 15 to a State for any calendar year unless such State has sub16 mitted to the Secretary a report for such calendar year 17 which (1) specifies the proposed allocation by such State of the block grant among coastal zone management activities, sea grant activities, coastal energy impact activities, living marine resource programs, and natural resources enhancement and management; (2) describes each proposed activity receiving moneys provided by the block grant and the amounts of money proposed to be expended for each activity. 1 (b) Before submitting each report required under this 2 section, each coastal State shall provide opportunities for the 3 public to review and comment on the report and shall hold at 4 least one public hearing on such report at a site in the State 5 convenient for encouraging maximum public participation. 6 (c) No block grant shall be paid from the Fund to a 7 State until the State has created a trust for the receipt of 8 such block grant. 9 (d) Block grants provided to a State pursuant to this Act 10 and any incomes derived from such block grant shall be used 11 for Outer Continental Shelf and coastal development and 12 management activities which shall include, but are not limit13 ed to (1) fisheries research and management; (2) coastal management planning and implementation, as provided for under the Coastal Zone Manage ment Act of 1972 (16 U.S.C. 1451 et seq.); (3) assessment and mitigation of impacts resulting from Outer Continental Shelf or other energy activities; (4) sea grant program activities, long-range coast al and ocean research and education, and natural re source management; and (5) capital infrastructure necessitated by coastal energy development activities, as provided for pursuant |