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[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5096 Introduced in House (IH)]

103d CONGRESS
  2d Session
                                H. R. 5096

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

_______________________________________________________________________

                                 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Pennsylvania Avenue Development 
Corporation Reauthorization Act of 1994''.

SEC. 2. AUTHORIZATION OF APPROPRIATIONS.

    Section 17(a) of the Pennsylvania Avenue Development Corporation 
Act of 1972 (40 U.S.C. 885(a)) is amended by adding at the end the 
following new sentence: ``There are further authorized to be 
appropriated for operating and administrative expenses of the 
Corporation $2,738,000 for fiscal year 1995.''.

SEC. 3. DISSOLUTION AND SUCCESSION PLAN.

    (a) Submission of Plan.--The Board of Directors of the Pennsylvania 
Avenue Development Corporation shall prepare and submit to the 
Congress, not later than March 31, 1995, a dissolution and succession 
plan that provides for the timely dissolution of the corporation and an 
orderly transition to such dissolution. The plan shall--
            (1) set forth a proposed plan under which an existing 
        Federal agency or agencies could meet all ongoing Federal 
        responsibilities relating to the development plan referred to 
        in section 5 of the Pennsylvania Avenue Development Corporation 
        Act of 1972 (40 U.S.C. 874);
            (2) detail the incremental steps that will accomplish the 
        dissolution of the Corporation; and
            (3) specifically address the requirements of the Federal 
        Triangle property (as defined in section 10(5) of the Federal 
        Triangle Development Act (40 U.S.C. 1109(5))) and describe 
        means that will ensure appropriate construction at and post-
        construction development of the property.
    (b) Failure To Submit Plan.--If the Board of Directors of the 
Pennsylvania Avenue Development Corporation does not submit the 
dissolution and succession plan required by subsection (a) to the 
Congress on or before March 31, 1995, the corporation may not obligate 
or expend, after March 31, 1995, funds appropriated for fiscal year 
1995 under section 17(a) of the Pennsylvania Avenue Development 
Corporation Act of 1972 (40 U.S.C. 885(a)).
    (c) Application Notwithstanding Section 3(b) of PADC Act of 1972.--
This section shall apply notwithstanding section 3(b) of the 
Pennsylvania Avenue Development Corporation Act of 1972 (40 U.S.C. 
872(b)).

                                 <all>
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