| 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] ...
Development Act of 1965 (42 U.S.C. 3171 et seq.) (as amended by section 603(a)) is amended by adding at the end the following: ``SEC. 612. SAVINGS CLAUSE. ``To the extent that any portion of grants made under this Act are used for an economic development project that involves remediation, the remediation shall be conducted in compliance with all applicable Federal, State, and local laws and standards.''. (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 611 (as added by section 603(b)) the following: ``Sec. 612. Savings clause.''. SEC. 605. SENSE OF CONGRESS REGARDING ECONOMIC DEVELOPMENT REPRESENTATIVES. (a) Findings.--Congress finds that-- (1) planning and coordination among Federal agencies, State and local governments, Indian tribes, and economic development districts is vital to the success of an economic development program; (2) economic development representatives of the Economic Development Administration provide distressed communities with the technical assistance necessary to foster this planning and coordination; and (3) in the 5 years preceding the date of enactment of this Act, the number of economic development representatives has declined by almost 25 percent. (b) Sense of Congress.--It is the sense of Congress that the Secretary should maintain a sufficient number of economic development representatives to ensure that the Economic Development Administration is able to provide effective assistance to distressed communities and foster economic growth and development among the States. TITLE VII--FUNDING SEC. 701. AUTHORIZATION OF APPROPRIATIONS. Section 701 of the Public Works and Economic Development Act of 1965 (42 U.S.C. 3231) is amended to read as follows: ``SEC. 701. GENERAL AUTHORIZATION OF APPROPRIATIONS. ``(a) Economic Development Assistance Programs.--There are authorized to be appropriated for economic development assistance programs to carry out this Act, to remain available until expended-- ``(1) $400,000,000 for fiscal year 2004; ``(2) $425,000,000 for fiscal year 2005; ``(3) $450,000,000 for fiscal year 2006; ``(4) $475,000,000 for fiscal year 2007; and ``(5) $500,000,000 for fiscal year 2008.'' ``(b) Salaries and Expenses.--There are authorized to be appropriated for salaries and expenses of administering this Act, to remain available until expended-- ``(1) $33,377,000 for fiscal year 2004; and ``(2) such sums as are necessary for each fiscal year thereafter.''. SEC. 702. FUNDING FOR GRANTS FOR PLANNING AND GRANTS FOR ADMINISTRATIVE EXPENSES. (a) In General.--Title VII of the Public Works and Economic Development Act of 1965 (42 U.S.C. 3231 et seq.) is amended by adding at the end the following: ``SEC. 704. FUNDING FOR GRANTS FOR PLANNING AND GRANTS FOR ADMINISTRATIVE EXPENSES. ``Of the amounts made available under section 701 for each fiscal year, not less than $27,000,000 shall be made available for grants provided under section 203.''. (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 703 the following: ``Sec. 704. Funding for grants for planning and grants for administrative expenses''. Passed the Senate October 6, 2004. Attest: Secretary. 108th CONGRESS 2d Session S. 1134 _______________________________________________________________________ AN ACT To reauthorize and improve the program authorized by the Public Works and Economic Development Act of 1965.
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