Marine and Coastal Environment and Global Climate Protection Act of 1992

[AI summary unavailable — showing source text] Marine and Coastal Environment and Global Climate Protection Act of 1992 - Title I: Ocean and Coastal Resources Management and Development Block Grants - Ocean and Coastal Resources Management and Development Block Grant Act - Establishes the Ocean and Coastal Resources Management and Development Fund. Directs the Secretary of Commerce (the Secretary) to provide to each State from amounts paid into such Fund a national ocean and coastal resources management and development block grant to ameliorate any adverse impacts resulting from activities of coastal-related energy facilities. Prescribes eligibility and implementation guidelines. Precludes a block grant from being paid to a State unless it has established a trust fund to receive it. Prescribes procedural guidelines under which recipient States must allocate their respective block grants among local governments. Requires a recipient State to submit to the Secretary a financial audit of its block grant trust fund for each fiscal year in which it receives such grant. Sets forth procedural guidelines for the withholding of a State's future block grant if the Secretary determines that block grant funds have been misused. Directs the…