Offshore Oil and Gas Interstate Compacts Act

[AI summary unavailable — showing source text] Offshore Oil and Gas Interstate Compacts Act - Title I: Purposes - States the purposes of this Act. Title II: Amendments to the Coastal Zone Management Act - Authorizes grants for two or more contiguous coastal zone States to negotiate and enter into compacts for coordination, study, planning, and implementation of a sound management program for the land and water resources of the coastal zones of the compact member States. Title III: Amemdments to the Outer Continental Shelf Lands Act - Provides that no oil or gas lease for lands adjacent to the coastal zone of any compact member States may be issued pursuant to this Act unless the lease requires that development be carried out in accordance with a development plan submitted by the lessee to the compact agency, and found by the compact agency to meet the requirements of the leasing and development plan issued by the compact agency pursuant to this Act. Authorizes the compact agency to conduct such surveillance and enforcement activities as it deems necessary to insure compliance with this Act. Alters the present method of disposition of revenues under the Outer Continental Shelf Lands Act to provide for payments of funds to compac…