Ocean and Coastal Resources Management and Development Block Grant Act - Establishes within the Treasury an Ocean and Coastal Resources Management and Development Fund. Limits the total amount payable into the Fund during any fiscal year.

Directs the Secretary of Commerce to use specified portions of such funds to: (1) carry out the National Sea Grant College Program; and (2) provide national ocean and coastal resources management and development block grants to each coastal State.

Requires such States to report specified information to the Secretary before receiving such grants.

Sets forth the formula by which the Secretary shall determine the amount of such grants. Restricts the use of such grants to specified activities.

Requires States receiving such grants to submit to the Secretary an evaluation assessment on the expenditure of such funds.