,i #aaith ,,congress #b;d ,session ,h4 ,r4 #gdei ,,in ,,the ,,house ,,of ,,representatives ,february #aj1 #bjbf,mr4 ,van ,drew 7for himself and ,ms4 ,gillen7 introduced the following bill2 which was referred to the ,committee on ,transportation and ,infrastructure1 and in addition to the ,committees on ,natural ,resources1 and the ,budget1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to establish the ,coastal ,storm ,risk ,management ,trust ,fund and authorize the use of amounts in such ,fund for coastal storm risk management activities of the ,corps of ,engineers1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,coastal ,trust ,fund ,act4 #b4 ,coastal ,storm ,risk ,management ,trust ,fund 7a7 ,establishment ,there is established in the ,treasury of the ,united ,states a trust fund to be known as the ,coastal ,storm ,risk ,management ,trust ,fund1 consisting of amounts credited to the ,fund as provided in this section4 7b7 ,deposits ,there shall be credited to the ,fund-- 7#a7 #a1jjj1jjj1jjj for each fiscal year1 derived from available revenues received by the ,united ,states from bonuses1 rentals1 royalties1 fees1 and other receipts due and payable to the ,united ,states for deposit in the ,treasury as miscellaneous receipts under the ,outer ,continental ,shelf ,lands ,act 7#dc ,u4,s4,c4 #acca et seq472 and 7#b7 all amounts earned on investments of the ,fund under subsection 7d77#b74 7c7 ,availability ,amounts in the ,fund shall be available for obligation and expenditure only as provided in section #c of this ,act and shall remain available until expended4 7d7 ,other rules 7#a7 ,administration ,the ,fund shall be administered by the ,secretary of the ,treasury1 who shall determine and certify quarterly the amounts required to be credited to the ,fund under subsection 7b74 7#b7 ,investment ,the ,secretary of the ,treasury shall invest such portion of the ,fund as is not1 in the judgment of the ,secretary1 required to meet current withdrawals4 ,such investments may be made only in interest-bearing obligations of the ,united ,states or in obligations guaranteed as to principal and interest by the ,united ,states4 ,the interest on1 and the proceeds from the sale or redemption of1 any such obligations shall be credited to and form part of the ,fund4 7#c7 ,certain amounts otherwise made available held harmless ,nothing in this section shall be construed to reduce or otherwise affect-- 7,a7 the amounts deposited in the ,land and ,water ,conservation ,fund under section #bjjcjb of title #ed1 ,united ,states ,code2 and 7,b7 amounts made available under section #aje7;a77#b7 of the ,gulf of ,mexico ,energy ,security ,act of #bjjf 7#dc ,u4,s4,c4 #acca note74 7#d7 ,termination ,upon termination of the ,fund1 any unobligated balances remaining therein shall be transferred to the general fund of the ,treasury4 #c4 ,availability and use of funds 7a7 ,availability ,to the extent amounts are made available in advance in appropriations ,acts1 amounts in the ,coastal ,storm ,risk ,management ,trust ,fund shall be available to the ,secretary for obligation and expenditure for the ,federal share of the costs of construction1 operation1 maintenance1 repair1 rehabilitation1 and periodic nourishment of coastal storm risk management projects4 7b7 ,annual budget request ,the ,secretary's budget submission to the ,office of ,management and ,budget for any fiscal year shall be equal to the total amount projected to be in the ,fund at the beginning of such fiscal year4 7c7 ,annual report ,not later than #fj days after the end of each fiscal year1 the ,secretary shall submit to the ,committee on ,transportation and ,infrastructure of the ,house of ,representatives and the ,committee on ,environment and ,public ,works of the ,senate a report describing-- 7#a7 the total amounts made available from the ,fund under this section for that fiscal year2 7#b7 the coastal storm risk management projects for which amounts were obligated or expended2 and 7#c7 the unobligated balance of the ,fund at the end of that fiscal year4 7d7 ,definitions ,in this section3 7#a7 ,coastal storm risk management project ,the term coastal storm risk management project means a project for hurricane and storm damage reduction1 coastal storm risk management1 shoreline protection1 or periodic nourishment that is specifically authorized by ,congress and carried out by the ,secretary under any provision of law1 including any associated feasibility studies1 engineering and design activities 7including preconstruction engineering and design71 operation and maintenance activities1 and repair or restoration under section #e of the ,act of ,august #ah1 #aida 7#cc ,u4,s4,c4 #gjan74 7#b7 ,coastal ,storm ,risk ,management ,trust ,fund2 ,fund ,the terms ,coastal ,storm ,risk ,management ,trust ,fund and ,fund each mean the ,coastal ,storm ,risk ,management ,trust ,fund established under section #b4 7#c7 ,secretary ,the term ,secretary means the ,secretary of the ,army1 acting through the ,chief of ,engineers4 #d4 ,budgetary treatment expansion and adjustment for the ,coastal ,storm ,risk ,management ,trust ,fund ,section #bea7;b77#b7 of the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe 7#b ,u4,s4,c4 #ija7;b77#b77 is amended by adding at the end the following3 7,h7 ,coastal storm risk management projects ,if1 for any fiscal year1 appropriations for the ,construction1 ,mississippi ,river and ,tributaries1 and ,operation and ,maintenance accounts of the ,corps of ,engineers are enacted that are derived from the ,coastal ,storm ,risk ,management ,trust ,fund established under section #b of the ,coastal ,trust ,fund ,act and that the ,congress designates in statute as being for coastal storm risk management projects 7as defined in section #c of such ,act71 then the adjustment for that fiscal year shall be the total of such appropriations that are derived from such ,fund and so designated4 4