H.R. 14883 (93rd): An Act to amend the Public Works and Economic Development Act of 1965 to extend the authorizations for a 2-year period, and for other purposes.

May 20, 1974 (93rd Congress, 1973–1974)
Signed by the President on Sep 27, 1974
Slip Law:
This bill became Pub.L. 93-423.

This bill was enacted after being signed by the President on September 27, 1974.

May 20, 1974
Passed House
Jun 26, 1974
Passed Senate with Changes
Aug 02, 1974
Passed House with Changes
Aug 22, 1974
Signed by the President
Sep 27, 1974
John Blatnik
Representative for Minnesota's 8th congressional district
Read Text »
Last Updated
Sep 27, 1974
Related Bills
H.R. 14884 (identical)

Referred to Committee
Last Action: May 20, 1974

S. 3641 (Related)
A bill to amend the Public Works and Economic Development Act of 1965 to ...

Reported by Committee
Last Action: Aug 01, 1974


No summaries available.


23 cosponsors (12R, 11D) (show)

House Transportation and Infrastructure

Senate Environment and Public Works

The committee chair determines whether a bill will move past the committee stage.

Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

9/27/1974--Public Law.
(LATEST SUMMARY) Authorizes appropriations for fiscal years 1975 and 1976 to programs under the Public Works and Economic Assistance Act. Authorizes the Secretary of Commerce to aid in financing the purchase or development of land and facilities for industrial or commercial usage, including the construction of new buildings, the rehabilitation of abandoned or unoccupied buildings, and the alteration, conversion or enlargement of existing buildings by:
(1) purchasing evidences of indebtedness;
(2) making loans; and
(3) guaranteeing loans made to private borrowers by private lending institutions up to 90 percent of the unpaid balance.
Authorizes the Secretary to make:
(1) working capital loans;
(2) guarantee such loans up to 90 percent of the unpaid balance; and
(3) guarantee rental payment of leases for buildings and equipment up to 90 percent of remaining rental payments.
Authorizes the Secretary of Commerce to make direct grants to cities or other political subdivisions to pay up to 80 percent of the cost of economic development planning under the Act. Authorizes $25,000,000 for each of fiscal years 1975 and 1976 to provide for assistance under the Act for Indian tribes.
Authorizes the Federal cochairman of regional commissions established under the Public Works and Economic Assistance Act to acquire excess property through the Administrator of General Services and dispose of such property to:
(1) any State or political subdivision;
(2) any tax-supported organization;
(3) any Indian tribe or Alaskan village;
(4) any tax-supported or non-profit hospital; and
(5) any tax-supported or non-profit institution of higher education requiring a high school diploma for admission.
Authorizes the Secretary to make grants directly to any eligible recipient in an area which the Secretary has determined has experienced, or may reasonably be foreseen to be about to experience, a special need to meet an expected rise in unemployment, or other economic adjustment problems.
Authorizes the appropriation of not in excess of $75,000,000 for fiscal year 1975 and $100,000,000 for fiscal year 1976 to carry out the special economic development and adjustment assistance programs of this Act.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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