Union Calendar No. 440

103D CONGRESS

2D SESSION H. R. 5096

[Report No. 103–794]

A BILL

To amend the Pennsylvania Avenue Development

the orderly dissolution of the Corporation.ministrative expenses and to require a plan fortions for fiscal year 1995 for operating and adCorporation Act of 1972 to authorize appropriaOCTOBER 3, 1994

Committed to the Committee of the Whole House on the

State of the Union and ordered to be printed
IB

Union Calendar No. 440

103D CONGRESS

2D SESSION H. R. 5096

[Report No. 103–794]

To amend the Pennsylvania Avenue Development Corporation Act of 1972

to authorize appropriations for fiscal year 1995 for operating and administrative expenses and to require a plan for the orderly dissolution of

the Corporation.

IN THE HOUSE OF REPRESENTATIVES

SEPTEMBER 23, 1994

Mr. VENTO introduced the following bill; which was referred to the Committee

on Natural Resources

OCTOBER 3, 1994

Committed to the Committee of the Whole House on the State of the Union

and ordered to be printed

A BILL

To amend the Pennsylvania Avenue Development Corporation Act of 1972 to authorize appropriations for fiscal

year 1995 for operating and administrative expenses and

to require a plan for the orderly dissolution of the Corporation.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,
2

•HR 5096 RH

1 SECTION 1. SHORT TITLE.

2 This Act may be cited as the ‘‘Pennsylvania Avenue

3 Development Corporation Reauthorization Act of 1994’’.

4 SEC. 2. AUTHORIZATION OF APPROPRIATIONS.

5 Section 17(a) of the Pennsylvania Avenue Develop6 ment Corporation Act of 1972 (40 U.S.C. 885(a)) is

7 amended by adding at the end the following new sentence:

8 ‘‘There are further authorized to be appropriated for oper9 ating and administrative expenses of the Corporation

10 $2,738,000 for fiscal year 1995.’’.

11 SEC. 3. DISSOLUTION AND SUCCESSION PLAN.

12 (a) SUBMISSION OF PLAN.—The Board of Directors

13 of the Pennsylvania Avenue Development Corporation

14 shall prepare and submit to the Congress, not later than

15 March 31, 1995, a dissolution and succession plan that

16 provides for the timely dissolution of the Corporation and

17 an orderly transition to such dissolution. The plan shall—

18 (1) set forth a proposed plan under which an

19 existing Federal agency or agencies could meet all

20 ongoing Federal responsibilities relating to the devel21 opment plan referred to in section 5 of the Penn22 sylvania Avenue Development Corporation Act of

23 1972 (40 U.S.C. 874);

24 (2) detail the incremental steps that will accom25 plish the dissolution of the Corporation; and
3

•HR 5096 RH

1 (3) specifically address the requirements of the

2 Federal Triangle property (as defined in section

3 10(5) of the Federal Triangle Development Act (40

4 U.S.C. 1109(5))) and describe means that will en5 sure appropriate construction at and post-construc6 tion development of the property.

7 (b) FAILURE TO SUBMIT PLAN.—If the Board of Di8 rectors of the Pennsylvania Avenue Development Corpora9 tion does not submit the dissolution and succession plan

10 required by subsection (a) to the Congress on or before

11 March 31, 1995, the Corporation may not obligate or ex12 pend, after March 31, 1995, funds appropriated for fiscal

13 year 1995 under section 17(a) of the Pennsylvania Avenue

14 Development Corporation Act of 1972 (40 U.S.C. 885(a)).

15 (c) APPLICATION NOTWITHSTANDING SECTION 3(b)

16 OF PADC ACT OF 1972.—This section shall apply not17 withstanding section 3(b) of the Pennsylvania Avenue De18 velopment Corporation Act of 1972 (40 U.S.C. 872(b)).