I
103D CONGRESS
1ST SESSION
H. R. 2442
To reauthorize appropriations under the Public Works and Economic Develop-
ment Act of 1965, as amended, to revise administrative provisions of
the Act to improve the authority of the Secretary of Commerce to
administer grant programs, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
JUNE 16, 1993
Mr. WISE (for himself, Mr. MINETA, Mr. SHUSTER, and Ms. MOLINARI) (all
by request) introduced the following bill; which was referred to the Com-
mittee on Public Works and Transportation
A BILL
To reauthorize appropriations under the Public Works and
Economic Development Act of 1965, as amended, to
revise administrative provisions of the Act to improve
the authority of the Secretary of Commerce to administer
grant programs, and for other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Economic Development
Administration Reauthorization Act of 1993’’.
SEC. 2. REAUTHORIZATION.
The Public Works and Economic Development Act of
1965, as amended (42 U.S.C. 3121 et seq.), is revised to
provide authorization of appropriations for programs
under that Act as follows:
(1) GRANTS
FOR
PUBLIC
WORKS
FACILITIES
UNDER TITLE I.—Section 105 of the Act (42 U.S.C.
3135) is amended to read as follows:
‘‘SEC. 105. AUTHORIZATION OF APPROPRIATIONS.
‘‘There is authorized to be appropriated not to exceed
$135,385,000 for purposes of this title for fiscal year
1994. The Secretary shall expend not less than 15 percent
nor more than 35 percent of all appropriations made avail-
able for these purposes in redevelopment areas designated
under section 401(a)(6) of this Act (42 U.S.C. 3161).’’.
(2) TECHNICAL
ASSISTANCE, RESEARCH
AND
INFORMATION UNDER TITLE III.—Section 303 of the
Act (42 U.S.C. 3152) is amended to read as follows:
‘‘SEC. 303. AUTHORIZATION OF APPROPRIATIONS.
‘‘There is authorized to be appropriated not to exceed
$35,690,000 for purposes of this title for fiscal year
1994.’’.
(3) ECONOMIC
DEVELOPMENT
DISTRICT
AU-
THORIZATION.—Section 403(g) of the Act (42
U.S.C. 3171(g)) is amended to read as follows:
‘‘SEC. 403. ECONOMIC DEVELOPMENT DISTRICTS.
‘‘(g) Amounts otherwise authorized under this Act
shall be available for purposes of carrying out subsections
403(a)(3) and (a)(4) of this section.’’.
(4) SPECIAL
ECONOMIC
DEVELOPMENT
AND
ADJUSTMENT ASSISTANCE UNDER TITLE IX.—Sec-
tion 905 of the Act (42 U.S.C. 3245) is amended to
read as follows:
‘‘SEC. 905. AUTHORIZATION OF APPROPRIATIONS.
‘‘There is authorized to be appropriated not to exceed
$52,075,000 for purposes of this title for fiscal year 1994.
Of this amount, $33,000,000 shall be available for pur-
poses of assisting eligible recipients in activities related to
defense conversion.’’.
SEC. 3. IMPROVEMENTS TO THE GRANT COLLECTION
PROCESS.
(a) USE OF THE ECONOMIC DEVELOPMENT REVOLV-
ING FUND FOR THE CARE AND PROTECTION OF PROP-
ERTY ACQUIRED
IN CONNECTION
WITH GRANT PRO-
GRAMS.—The first sentence of section 203 of the Public
Works and Economic Development Act of 1965, as
amended (42 U.S.C. 3143), is revised to read as follows:
‘‘SEC. 203. ECONOMIC DEVELOPMENT REVOLVING FUND.
‘‘Funds obtained by the Secretary under section 201,
loan funds obtained under section 403, and collections and
repayments received under this Act, shall be deposited in
an economic development revolving fund (hereunder re-
ferred to as the ‘fund’), which is hereby established in the
Treasury of the United States, and which shall be avail-
able to the Secretary for the purpose of extending financial
assistance under sections 201, 202, and 403, and for the
payment of all obligations and expenditures arising in con-
nection with assistance extended under this Act.’’.
(b) POWERS OF THE SECRETARY TO DEAL WITH
GRANT PROPERTY.—Section 701 of the Public Works and
Economic Development Act of 1965, as amended (42
U.S.C. 3211) is revised by amending paragraphs (4) and
(6) through (9) as follows:
(1) Paragraph (4) is amended to read as fol-
lows:
‘‘(4) under regulations prescribed by him, as-
sign or sell at public or private sale, or otherwise
dispose of for cash or credit, in his discretion and
upon such terms and conditions and for such consid-
eration as he shall determine to be reasonable, any
evidence of debt, contract, claim, personal property,
or security assigned to or held by him in connection
with loans and grants made or evidences of indebt-
edness purchased under this Act, and collect or com-
promise all obligations assigned to or held by him in
connection with such loans and grants or evidences
of indebtedness until such time as such obligations
may be referred to the Attorney General for suit or
collection;’’;
(2) Paragraphs (6) through (9) are amended to
read:
‘‘(6) deal with, complete, renovate, improve,
modernize, insure, rent, or sell for cash or credit,
upon such terms and conditions and for such consid-
eration as he shall determine to be reasonable, any
real or personal property conveyed to, or otherwise
acquired by him in connection with loans and grants
made or evidences of indebtedness purchased under
this Act;
‘‘(7) pursue to final collection by way of com-
promise or other administrative action prior to ref-
erence to the Attorney General, all claims against
third parties assigned to him in connection with
loans and grants made and evidences of indebted-
ness purchased under this Act. This shall include
authority to obtain deficiency judgments or other-
wise in the case of mortgages assigned to the Sec-
retary. Section 3709 of the Revised Statutes, as
amended (41 U.S.C. 5) shall not apply to any con-
tract of hazard insurance or to any purchase or con-
tract for services or supplies on account of property
obtained by the Secretary as a result of loans and
grants made or evidences of indebtedness purchased
under this Act if the premium therefor or the
amount thereof does not exceed $1,000. The power
to convey and to execute, in the name of the Sec-
retary, deeds of conveyance, deeds of release, assign-
ments and satisfactions of mortgages and any other
written instrument relating to real or personal prop-
erty or any interest therein acquired by the Sec-
retary pursuant to the provisions of this Act may be
exercised by the Secretary or by any officer or agent
appointed by him for that purpose without the exe-
cution of any express delegation of power or power
of attorney;
‘‘(8) acquire, in any lawful manner, any prop-
erty (real, personal, or mixed, tangible or intangi-
ble), whenever deemed necessary or appropriate to
the conduct of activities authorized in sections 101,
201, 202, 301, 302, 403, 503 and 903 of this Act;
‘‘(9) in addition to any powers, functions, privi-
leges, and immunities otherwise vested in him, take
any and all actions, including the procurement of the
services of attorneys by contract, determined by him
to be necessary or desirable in making, purchasing,
servicing, compromising, modifying, liquidating, or
otherwise administratively dealing with or realizing
on loans and grants made or evidences of indebted-
ness purchased under this Act;’’.
SEC. 4. TRANSFER OF OTHER FUNDS.
Section 708 of the Act (42 U.S.C. 3218) is amended
by adding a new subsection (d) at the end thereof to read
as follows:
‘‘(d) The Secretary of Commerce is authorized to ac-
cept the transfer of funds from other departments and
agencies of the Federal Government as he or she may
deem appropriate to carry out the objectives of this Act:
Provided, That such funds are used for the purposes and
under the terms for which they are specifically appro-
priated.’’.
SEC. 5. EFFECTIVE DATE.
This Act shall be effective on the date of enactment.
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