Coastal Trust Fund Act

This bill, titled the "Coastal Trust Fund Act," establishes the Coastal Storm Risk Management Trust Fund within the U.S. Treasury. The Fund will be credited with $1,000,000,000 annually , derived from revenues generated by bonuses, rentals, royalties, and other receipts from the Outer Continental Shelf Lands Act, along with any earnings from investments made by the Secretary of the Treasury. Amounts in this Fund are designated for the federal share of costs associated with coastal storm risk management projects undertaken by the Corps of Engineers. These projects encompass construction, operation, maintenance, repair, rehabilitation, and periodic nourishment for hurricane and storm damage reduction and shoreline protection. The bill mandates that the Secretary's annual budget request to the Office of Management and Budget for these activities must equal the total projected balance in the Fund at the start of the fiscal year. Furthermore, the Secretary is required to submit an annual report detailing the amounts made available from the Fund, the specific projects for which funds were obligated or expended, and the remaining unobligated balance. The legislation also amends the Balanced Budget and Emergency Deficit Control Act of 1985 to allow for budgetary adjustments for appropriations derived from this new Trust Fund for designated coastal storm risk management projects.