Page:United States Statutes at Large Volume 114 Part 4.djvu/828

 114 STAT. 2762A-128 PUBLIC LAW 106-553—APPENDIX B "(g) COMPLIANCE WITH AUTHORIZED USES. — If the Secretary determines that any expenditure made by a Producing Coastal State or coastal political subdivision is not consistent with the uses authorized in subsection (f), the Secretary shall not disburse any further amounts under this section to that Producing Coastal State or coastal political subdivision until the amounts used for the inconsistent expenditure have been repaid or obligated for authorized uses.". TITLE X—LOCAL TV ACT SEC. 1001. SHORT TITLE. This title may be cited as the "Launching Our Communities' Access to Local Television Act of 2000". SEC. 1002. PURPOSE. The purpose of this Act is to facilitate access, on a technologically neutral basis and by December 31, 2006, to signals of local television stations for households located in nonserved areas and underserved areas. SEC. 1003. LOCAL TELEVISION LOAN GUARANTEE BOARD. (a) ESTABLISHMENT.—T here is established the LOCAL Television Loan Guarantee Board (in this Act referred to as the "Board"). (b) MEMBERS. — (1) IN GENERAL.— Subject to paragraph (2), the Board shall consist of the following members: (A) The Secretary of the Treasury, or the designee of the Secretary. (B) The Chairman of the Board of Governors of the Federal Reserve System, or the designee of the Chairman. (C) The Secretary of Agriculture, or the designee of the Secretary. (D) The Secretary of Commerce, or the designee of the Secretary. (2) REQUIREMENT AS TO DESIGNEES.— An individual may not be designated a member of the Board under paragraph (1) unless the individual is an officer of the United States pursuant to an appointment by the President, by and with the advice and consent of the Senate. (c) FUNCTIONS OF THE BOARD.— (1) IN GENERAL.— The Board shall determine whether or not to approve loan guarantees under this Act. The Board shall make such determinations consistent with the purpose of this Act and in accordance with this subsection and section 4. (2) CONSULTATION AUTHORIZED.— (A) IN GENERAL. —In carrying out its functions under this Act, the Board shall consult with such departments and agencies of the Federal Government as the Board considers appropriate, including the Department of Commerce, the Department of Agriculture, the Department of the Treasury, the Department of Justice, the Department of the Interior, the Board of Governors of the Federal Reserve System, the Federal Communications Commission, the Federal Trade Commission, and the National Aeronautics and Space Administration.

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