; and (B) $7,000,000 shall be deposited in the Fund for each fiscal year thereafter. (4) Limitation on deposits The total amount in the Fund may not exceed $28,000,000. (5) Investment of balances The Secretary of the Treasury shall invest amounts in the Fund in interest-bearing securities of the United States. (b) Financial assistance (1) In general The Secretary shall use amounts available from the Fund to provide timely financial assistance to North Slope Borough, Alaska, the City of Kaktovik, Alaska, and any other borough, municipal subdivision, village, or other community in the State of Alaska that is directly impacted by exploration for, or the production of, oil or gas on the Coastal Plain under this Act, as determined by the Secretary. (2) Use of assistance Financial assistance provided under this subsection may be used only for— (A) planning for mitigation of the potential effects of oil and gas exploration and development on environmental, social, cultural, recreational, and subsistence values; (B) implementing mitigation plans and maintaining mitigation projects; (C) developing, carrying out, and maintaining projects and programs that provide new or expanded public facilities and services to address needs and problems associated with the effects described in subparagraph (A), including firefighting, police, water, waste treatment, medivac, and medical services; and (D) the establishment by North Slope Borough, Alaska, of a coordination office in the City of Kaktovik, Alaska— (i) to coordinate with and advise developers on local conditions of, impacts on, and the history of the areas utilized for development under this Act