Home > 106th Congressional Bills > S. 1134 (pcs) To amend the Internal Revenue Code of 1986 to allow tax-free [Placed on Calendar Senate] ...

S. 1134 (pcs) To amend the Internal Revenue Code of 1986 to allow tax-free [Placed on Calendar Senate] ...


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    ``(b) Eligibility.--The Secretary may make a planning performance 
award to an eligible recipient under subsection (a) in connection with 
a grant for a project if the Secretary determines before closeout of 
the project that--
            ``(1) the recipient actively participated in the economic 
        development activities of the economic development district in 
        which the project is located;
            ``(2) the project is consistent with the comprehensive 
        economic development strategy of the district;
            ``(3) the recipient worked with Federal, State, and local 
        economic development entities throughout the development of the 
        project; and
            ``(4) the project was completed in accordance with the 
        comprehensive economic development strategy of the district.
    ``(c) Maximum Amount.--The amount of a planning performance award 
made under subsection (a) in connection with a grant may not exceed 5 
percent of the amount of the grant.
    ``(d) Use of Awards.--A recipient of a planning performance award 
under subsection (a) shall use the award to increase the Federal share 
of the cost of a project under this title.
    ``(e) Federal Share.--Notwithstanding section 204, the funds of a 
planning performance award may be used to pay up to 100 percent of the 
cost of a project under this title.
    ``(f) Funding.--The Secretary shall use any amounts made available 
for economic development assistance programs to carry out this 
section.''.
    (b) Conforming Amendment.--The table of contents contained in 
section 1(b) of the Public Works and Economic Development Act of 1965 
(42 U.S.C. 3121 note) is amended by inserting after the item relating 
to section 215 the following:

        ``Sec. 216. Planning performance awards.''.

SEC. 212. DIRECT EXPENDITURE OR REDISTRIBUTION BY RECIPIENT.

    (a) In General.--Title II of the Public Works and Economic 
Development Act of 1965 (42 U.S.C. 3141 et seq.) (as amended by section 
211) is amended by adding at the end the following:

``SEC. 217. DIRECT EXPENDITURE OR REDISTRIBUTION BY RECIPIENT.

    ``(a) In General.--Subject to subsection (b), a recipient of a 
grant under section 201, 203, or 207 may directly expend the grant 
funds or may redistribute the funds in the form of a subgrant to other 
eligible recipients to fund required components of the scope of work 
approved for the project.
    ``(b) Limitation.--A recipient may not redistribute grant funds 
received under section 201 or 203 to a for-profit entity.
    ``(c) Economic Adjustment.--Subject to subsection (d), a recipient 
of a grant under section 209 may directly expend the grant funds or may 
redistribute the funds to public and private entities in the form of a 
grant, loan, loan guarantee, payment to reduce interest on a loan 
guarantee, or other appropriate assistance.
    ``(d) Limitation.--Under subsection (c), a recipient may not 
provide any grant to a private for-profit entity.''.
    (b) Conforming Amendment.--The table of contents contained in 
section 1(b) of the Public Works and Economic Development Act of 1965 
(42 U.S.C. 3121 note) is amended by inserting after the item relating 
to section 216 the following:

        ``Sec. 217. Direct expenditure or redistribution by 
                            recipient.''.

SEC. 213. BRIGHTFIELDS DEMONSTRATION PROGRAM.

    (a) In General.--Title II of the Public Works and Economic 
Development Act of 1965 (42 U.S.C. 3141 et seq.) (as amended by section 
212) is amended by adding at the end the following:

``SEC. 218. BRIGHTFIELDS DEMONSTRATION PROGRAM.

    ``(a) Definition of Brightfield Site.--In this section, the term 
`brightfield site' means a brownfield site that is redeveloped through 
the incorporation of 1 or more solar energy technologies.
    ``(b) Demonstration Program.--On the application of an eligible 
recipient, the Secretary may make a grant for a project for the 
development of a brightfield site if the Secretary determines that the 
project will--
            ``(1) use 1 or more solar energy technologies to develop 
        abandoned or contaminated sites for commercial use; and
            ``(2) improve the commercial and economic opportunities in 
        the area in which the project is located.
    ``(c) Savings Clause.--To the extent that any portion of a grant 
awarded under subsection (b) involves remediation, the remediation 
shall be subject to section 612.
    ``(d) Authorization of Appropriations.--There is authorized to be 
appropriated to carry out this section $5,000,000 for each of fiscal 
years 2004 through 2008, to remain available until expended.''.
    (b) Conforming Amendment.--The table of contents contained in 
section 1(b) of the Public Works and Economic Development Act of 1965 
(42 U.S.C. 3121 note) is amended by inserting after the item relating 
to section 217 (as added by section 212(b)) the following:

``Sec. 218. Brightfields demonstration program.''.

        TITLE III--COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGIES

SEC. 301. ELIGIBILITY OF AREAS.

    Section 301(c)(1) of the Public Works and Economic Development Act 
of 1965 (42 U.S.C. 3161(c)(1)) is amended by inserting after ``most 
recent Federal data available'' the following: ``(including data 
available from the Bureau of Economic Analysis, the Bureau of Labor 
Statistics, the Census Bureau, the Bureau of Indian Affairs, or any 
other Federal source determined by the Secretary to be appropriate)''.

SEC. 302. COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGIES.

    (a) In General.--Section 302(a)(3)(A) of the Public Works and 
Economic Development Act of 1965 (42 U.S.C. 3162(a)(3)(A)) is amended 
by inserting ``maximizes effective development and use of the workforce 
consistent with any applicable State or local workforce investment 
strategy, promotes the use of technology in economic development 
(including access to high-speed telecommunications),'' after 
``access,''.
    (b) Approval of Other Plan.--Section 302(c) of the Public Works and 
Economic Development Act of 1965 (42 U.S.C. 3162(c)) is amended--
            (1) by striking ``The Secretary'' and inserting the 
        following:
            ``(1) In general.--The Secretary''; and
            (2) by adding at the end the following:
            ``(2) Existing strategy.--To the maximum extent 
        practicable, a plan submitted under this paragraph shall be 
        consistent and coordinated with any existing comprehensive 
        economic development strategy for the area.''.

                TITLE IV--ECONOMIC DEVELOPMENT DISTRICTS

SEC. 401. INCENTIVES.

    (a) In General.--Section 403 of the Public Works and Economic 
Development Act of 1965 (42 U.S.C. 3173) is repealed.
    (b) Conforming Amendment.--The table of contents in section 1(b) of 
the Public Works and Economic Development Act of 1965 (42 U.S.C. 3121 
note) is amended by striking the item relating to section 403.

SEC. 402. PROVISION OF COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGIES TO 
              REGIONAL COMMISSIONS.

    (a) In General.--Section 404 of the Public Works and Economic 
Development Act of 1965 (42 U.S.C. 3174) is amended to read as follows:

``SEC. 404. PROVISION OF COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGIES 
              TO REGIONAL COMMISSIONS.

    ``If any part of an economic development district is in a region 
covered by 1 or more of the Regional Commissions, the economic 
development district shall ensure that a copy of the comprehensive 
economic development strategy of the district is provided to the 
affected Regional Commission.''.
    (b) Conforming Amendment.--The table of contents contained in 
section 1(b) of the Public Works and Economic Development Act of 1965 
(42 U.S.C. 3121 note) is amended by striking the item relating to 
section 404 and inserting the following:

        ``Sec. 404. Provision of comprehensive economic development 
                            strategies to Regional Commissions.''.

                        TITLE V--ADMINISTRATION

SEC. 501. ECONOMIC DEVELOPMENT INFORMATION CLEARINGHOUSE.

    Section 502 of the Public Works and Economic Development Act of 
1965 (42 U.S.C. 3192) is amended--
            (1) by striking paragraph (1) and inserting the following:
            ``(1) maintain a central information clearinghouse on the 
        Internet with--
                    ``(A) information on economic development, economic 
                adjustment, disaster recovery, defense conversion, and 
                trade adjustment programs and activities of the Federal 
                Government;
                    ``(B) links to State economic development 
                organizations; and
                    ``(C) links to other appropriate economic 
                development resources;'';
            (2) by striking paragraph (2) and inserting the following:
            ``(2) assist potential and actual applicants for economic 
        development, economic adjustment, disaster recovery, defense 
        conversion, and trade adjustment assistance under Federal and 
        State laws in locating and applying for the assistance;'';
            (3) by striking the period at the end of paragraph (3) and 
        inserting ``; and''; and
            (4) by adding at the end the following:
            ``(4) obtain appropriate information from other Federal 
        agencies needed to carry out the duties under this Act.''.

SEC. 502. BUSINESSES DESIRING FEDERAL CONTRACTS.

    (a) In General.--Section 505 of the Public Works and Economic 
Development Act of 1965 (42 U.S.C. 3195) is repealed.
    (b) Conforming Amendment.--The table of contents in section 1(b) of 
the Public Works and Economic Development Act of 1965 (42 U.S.C. 3121 
note) is amended by striking the item relating to section 505.

SEC. 503. PERFORMANCE EVALUATIONS OF GRANT RECIPIENTS.

    (a) In General.--Section 506(c) of the Public Works and Economic 
Development Act of 1965 (42 U.S.C. 3196(c)) is amended by striking 
``after the effective date of the Economic Development Administration 
Reform Act of 1998''.
    (b) Evaluation Criteria.--Section 506(d)(2) of the Public Works and 
Economic Development Act of 1965 (42 U.S.C. 3196(d)(2)) is amended by 
inserting ``program performance,'' after ``applied research,''.

SEC. 504. CONFORMING AMENDMENTS.

    Section 602 of the Public Works and Economic Development Act of 
1965 (42 U.S.C. 3212) is amended--
            (1) in the first sentence, by striking ``in accordance 
        with'' and all that follows before the period at the end and 
        inserting ``in accordance with subchapter IV of chapter 31 of 
        title 40, United States Code''; and
            (2) in the third sentence, by striking ``section 2 of the 
        Act of June 13, 1934, as amended (40 U.S.C. 276c)'' and 
        inserting ``section 3145 of title 40, United States Code''.

                        TITLE VI--MISCELLANEOUS

SEC. 601. ANNUAL REPORT TO CONGRESS.

    Section 603 of the Public Works and Economic Development Act of 
1965 (42 U.S.C. 3213) is amended--
            (1) by striking ``Not later'' and inserting the following:
    ``(a) In General.--Not later''; and
            (2) by adding at the end the following:
    ``(b) Inclusions.--Each report required under subsection (a) 
shall--
            ``(1) include a list of all grant recipients by State, 
        including the projected private sector dollar to Federal dollar 
        investment ratio for each grant recipient;
            ``(2) include a discussion of any private sector leveraging 
        goal with respect to grants awarded to--
                    ``(A) rural and urban economically distressed 
                areas; and
                    ``(B) highly distressed areas; and
            ``(3) after the completion of a project, include the 
        realized private sector dollar to Federal dollar investment 
        ratio for the project.''.

SEC. 602. RELATIONSHIP TO ASSISTANCE UNDER OTHER LAW.

    Section 609 of the Public Works and Economic Development Act of 
1965 (42 U.S.C. 3219) is amended--
            (1) by striking subsection (a); and
            (2) by striking ``(b) Assistance Under Other Acts.--''.

SEC. 603. BROWNFIELDS REDEVELOPMENT REPORT.

    (a) In General.--Title VI of the Public Works and Economic 
Development Act of 1965 (42 U.S.C. 3171 et seq.) is amended by adding 
at the end the following:

``SEC. 611. BROWNFIELDS REDEVELOPMENT REPORT.

    ``(a) Definition of Brownfield Site.--In this section, the term 
`brownfield site' has the meaning given the term in section 101(39) of 
the Comprehensive Environmental Response, Compensation, and Liability 
Act of 1980 (42 U.S.C. 9601(39)).
    ``(b) Report.--
            ``(1) In general.--Not later than 1 year after the date of 
        enactment of this section, the Comptroller General shall 
        prepare a report that evaluates the grants made by the Economic 
        Development Administration for the economic development of 
        brownfield sites.
            ``(2) Contents.--The report shall--
                    ``(A) identify each project conducted during the 
                previous 10-year period in which grant funds have been 
                used for brownfield sites redevelopment activities; and
                    ``(B) include for each project a description of --
                            ``(i) the type of economic development 
                        activities conducted;
                            ``(ii) if remediation activities were 
                        conducted--
                                    ``(I) the type of remediation 
                                activities; and
                                    ``(II) the amount of grant money 
                                used for those activities in dollars 
                                and as a percentage of the total grant 
                                award;
                            ``(iii) the economic development and 
                        environmental standards applied, if applicable;
                            ``(iv) the economic development impact of 
                        the project;
                            ``(v) the role of Federal, State, or local 
                        environmental agencies, if any; and
                            ``(vi) public participation in the project.
            ``(3) Submission of report.--The Comptroller General shall 
        submit to the Committee on Environment and Public Works of the 
        Senate and the Committee on Transportation and Infrastructure 
        of the House of Representatives a copy of the report.''.
    (b) Conforming Amendment.--The table of contents contained in 
section 1(b) of the Public Works and Economic Development Act of 1965 
(42 U.S.C. 3121 note) is amended by inserting after the item relating 
to section 610 the following:

        ``Sec. 611. Brownfields redevelopment report.''.

SEC. 604. SAVINGS CLAUSE.

    (a) In General.--Title VI of the Public Works and Economic 

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