United States · United States Congress · 8 November 1979
Authorizes the Vietnam Veterans Memorial Fund, Incorporated, to erect a memorial on public grounds in West Potomac Park in the District of Columbia in honor and recognition of the men and women of the armed forces who served in the Vietnam war.
United States · United States Congress · 8 November 1979
Expresses the sense of the Senate that: (1) all countries and all people be urged to respond generously to Cambodian relief efforts; (2) Cambodian authorities be encouraged to allow the use of all possible avenues for delivering food and medical supplies; and (3) the United States and the United Nations should express their expectation that the great power supporters of the factions in Cambodia share in international responsibility for averting famine.
United States · United States Congress · 6 November 1979
Estate and Gift Tax Amendments of 1979 - Amends the Internal Revenue Code to provide an unlimited marital deduction for estate and gift tax purposes. Increases from 50 percent to 65 percent the amount of the adjusted value of a gross estate which a qualified farm property must constitute before the special use valuation for farms and other closely held businesses is applicable to such estate. Eliminates the "material participation" requirements for the application of such special use valuation. Repeals the $500,000 limitation on the reduction of the value of qualified real property permitted for application of the special use valuation. Reduces from 15 to ten years the length of time a qualified property must be held following decedent's death before it can be sold or otherwise disposed of without incurring a recapture of estate tax benefits. Exempts from such recapture requirements any exchange of qualified real property, within the ten year period, for other qualified real property. Repeals the requirement that an heir elect special treatment for involuntary conversions of qualified real property, thus making such treatment automatic upon such a conversion. Provides for valuation of qualified real property for estate tax purposes on the basis of net share rentals (the excess of the value of the produce received by the lessor of the land over the cash operating expenses of growing such produce), whenever the average gross cash rental basis would be inappropriate. Increases from $3,000 to $6,000 the annual gift tax exclusion. Includes only the excess of such exclusion in the value of the gross estate of a decedent where the gift was made within three years before such decedent's death.
United States · United States Congress · 5 November 1979
Amends title XVIII (Medicare) of the Social Security Act to increase benefits under the home health services program by: (1) providing for the services of a homemaker-home health aide in lieu of a home health aide; and (2) providing home health services to an individual while in a nonprofit adult day care center if such individual cannot leave his or her residence without the assistance of another person.
United States · United States Congress · 2 November 1979
Authorizes the Secretary of the Interior to compensate certain purchasers of subleases from the Sangre de Cristo Development Company for lands on the Tesuque Pueblo Reservation, New Mexico.
United States · United States Congress · 25 October 1979
Resource Conservation and Development Act of 1979 - Directs the Secretary of Agriculture to establish a resource conservation and development program to assist States, local units of government, and local nonprofit organizations to operate and maintain a planning process for land conservation and utilization, natural resources development, and rural economic and environmental improvement. Authorizes the Secretary to: (1) provide technical assistance in developing area plans for designated rural areas; (2) cooperate in conducting surveys and inventories, disseminating information, and developing area plans; (3) assist in the carrying out of approved area plans by local public agencies and nonprofit organizations designated by States; (4) enter into specified agreements; and (5) assist local governments in acquiring land or interest in land for rehabilitation or reclamation which will eliminate a threat to the public health or welfare, subject to specified conditions. Sets forth terms and conditions of agreements which must be met if the Secretary is to provide any technical or financial assistance, including loans, to a State agency, local government, or local nonprofit organization in carrying out works of improvement specified in an approved area plan. Permits the identification of groups or problems for special consideration in area plans. Declares that the authority of the Secretary under this Act shall be supplemental and not in lieu of any authority of the Secretary under any other provision of law. Directs the Secretary to establish within the Department of Agriculture a Resource Conservation and Development Policy Board to advise the Secretary regarding the administration of this Act. Directs the Secretary to evaluate the program provided for in this Act and to report on such evaluation, with recommendations. Authorizes appropriations necessary to carry out this Act, with specified annual limits on technical and financial assistance and on loans.
United States · United States Congress · 23 October 1979
Authorizes the Secretary of the Interior to acquire by donation, or by purchase with donated or appropriated funds, or otherwise, 466 acres of land in the State of New Mexico. Designates such lands, in addition to the lands now comprising the Gran Quivira National Monument, as the Salinas National Monument. Abolishes the Gran Quivira National Monument and makes any funds available for such monument to be available for purposes of the Salinas National Monument.
United States · United States Congress · 22 October 1979
Transfers to the Secretary of Agriculture: (1) all range improvement functions currently carried out by the Department of the Interior; and (2) certain obligations, property, funds, and personnel related to such functions.
United States · United States Congress · 22 October 1979
Directs the Secretary of the Interior or the Secretary of Agriculture to stay any order, resulting from a court ordered environmental impact statement, canceling or modifying any permit or lease for grazing livestock on the public rangelands, to enable the permittee or lessee to appeal such order and exhaust all applicable administrative remedies.
United States · United States Congress · 12 October 1979
Prohibits the annual rate of pay for Senators, Members of the House of Representatives, Delegates to the House of Representatives, the Resident Commissioner from Puerto Rico, the President pro tempore of the Senate, the majority and minority leaders of the Senate and the House, and the Speaker of the House of Representatives from exceeding the rate of salary payable for such office or position on September 30, 1978.
United States · United States Congress · 11 October 1979
Inland Energy Impact Assistance Act of 1979 - Amends the Powerplant and Industrial Fuel Use Act of 1978 to authorize State Governors or governing bodies of Indian tribes to designate energy impact areas in accordance with specified conditions concerning increases in employment and use of public facilities and services. Authorizes the Secretary of Agriculture to make grants to such States and tribes for the purpose of developing plans for mitigating adverse economic impact resulting from energy development activities. Requires State Governors and Indian tribal governing bodies receiving such grants to designate local planning units to prepare for each energy impact area an energy impact mitigation plan, and authorizes the making of subgrants to such local planning units to assist in the cost of preparing mitigation plans. Requires State Governors and Indian tribal governing bodies to submit and revise annually a comprehensive investment strategy describing the intended use of all such financial assistance. Authorizes the Secretary to acquire real property for housing or public facilities determined to be necessary for an energy impact area according to the investment strategy as approved by the Secretary. Authorizes the Secretary to make grants to States and Indian tribes for the funding of public facilities and services identified in such investment strategy. Sets forth suggestions as to the distribution of such funds. Authorizes the Secretary to make grants, loans, loan guarantees, and payments of interest on loans to States, Indian tribes, and local governments to fund preliminary mitigation plans designed to identify and address the need for expedited assistance in the event energy development poses a serious threat to the public health and safety within a designated energy impact area, and such needs cannot be met in a sufficiently timely manner by other Federal programs. Establishes in the United States Treasury an Energy Impact Insurance Fund to provide funds for the loans and loan guarantees made under this Act. Limits the assistance provided under this Act to a total period of five years following the receipt of the first funds for facilities and services. Prohibits the appropriation of funds in support of any program for which Federal financial assistance is available to eligible applicants under the Coastal Zone Management Act of 1972 or the Surface Mining Control and Reclamation Act of 1977. Authorizes the Secretary to withhold financial assistance from a recipient for failure to comply with this Act or regulations issued thereunder. Directs the Secretary to designate within the Farmers Home Administration an organizational unit to administer the program established by this Act and to provide information to State and local officials and Indian tribes about Federal assistance from other Federal programs designed to prevent or mitigate energy resource development impacts. Directs the President to establish an interagency council to coordinate all Federal programs providing assistance to meet needs resulting from major energy developments. Authorizes appropriations for fiscal years 1980 through 1985 to carry out this Act. Directs Federal agencies responsible for health and safety of persons working in any federally-regulated coal, uranium, metal, or nonmetallic mine to use their authorities fully to protect existing and future housing, property, persons, and public facilities located near such facilities, whether active or abandoned, from hazards posed by activities at such facilities. Prohibits the authority of the Secretary of Agriculture and the Secretary of Energy from being transferred to any other Secretary or Federal agency without express legislation.
United States · United States Congress · 5 October 1979
Federal Firearms Law Reform Act of 1979 - Title I: Amendments to Gun Control Act - Amends the Gun Control Act of 1968 to redefine: (1) "manufacturer" to mean any person engaged in the "business of manufacturing" (instead of "manufacture" of) firearms or ammunition; and (2) "dealer" to exclude dealers in ammunition and persons engaged in the business of repairing firearms. Adds a new definition "engaged in the business" with respect to manufacturers, dealers, and importers. Includes as a manufacturer of ammunition a person whose gross sales of his own ammunition exceed $1,000 in any calendar year. Includes as a dealer in firearms a person who deals in firearms as a regular course of business with the principal objective of livelihood and profit through the repetitive purchase and resale of firearms. Replaces the current term "crime punishable by imprisonment for a term exceeding one year" with a new definition of "disabling crime." Eliminates certain activities regarding ammunition from the coverage of the current prohibitions. Revises current provisions respecting the interstate sale or transfer of firearms. Revises the current prohibition against selling a firearm or ammunition to certain persons (such as persons under indictment for a felony or addicted to drugs) to apply such prohibition only to persons convicted of a "disabling crime." Revises the current prohibition against certain persons transporting a firearm or ammunition in interstate commerce to: (1) extend such prohibition to possession or receipt in commerce or affecting commerce of any firearm or ammunition; (2) conform such prohibition to the new "disabling crime" provision; and (3) include as additional categories illegal aliens, persons dishonorably discharged from the Armed Forces, and persons who have renounced their United States citizenship. Makes the same changes to the current prohibition against certain persons who receive a firearm or ammunition which has been transported in interstate commerce, but applies such prohibition to persons who are employed by the enumerated categories of individuals. Excludes ammunition dealers from the current licensing requirements. Stipulates that the Secretary of the Treasury may revoke a license only where the holder of such license has "knowingly" violated a provision of the Act or regulation. Bars the Secretary from denying or revoking a license on the basis of violations under this Act which are alleged in criminal proceedings instituted against a licensee, where such individual is not convicted of such charges. Imposes as a condition for the inspection or examination of records or documents and any firearm or ammunition kept by an importer, manufacturer, or dealer pursuant to this Act that the Secretary has reasonable grounds to believe that a violation has occurred and that evidence may be found on the premises of such persons. Restricts the firearm information obtained from licensees which the Secretary may make available to State or local governments. Establishes a limited recordkeeping requirement for firearms collectors. Stipulates that the general penalty under this Act shall apply to whoever "willfully" violates any provision. Prohibits, with respect to a person's second or subsequent conviction for illegally using or carrying a firearm during the commission of a felony, the granting of parole before completion of the minimum sentence. Amends the forfeiture provision to subject to seizure any firearm or ammunition "involved in or used" in any violation of the Act (instead of "involved in or used or intended to be used"). Requires a court to award attorney's fees to the prevailing party (other than the United States) in an action or proceeding for the return of seized firearms or ammunition. Allows the court to award such fees in any other action upon a finding that the action was initiated in bad faith. Amends the rulemaking authority of the Secretary to provide that no regulation may require the transfer of records required under this Act to a facility owned, managed, or controlled by the United States or any State or the establishment of any system of registration of firearms, firearms owners, or firearms transactions. Requires a 90-day public comment period for proposed regulations (no period is currently specified). Allows one House of Congress to disapprove by resolution any firearms regulation within 90 days of continuous session of the promulgation of such rule. Requires that resolutions of disapproval be immediately referred to only those standing committees having legislative responsibility for this Act. Allows a sponsor of any such resolution to move to discharge from further consideration a committee which does not report out the resolution within 45 days of continuous session of Congress. States that it shall be in order to move to proceed to the consideration of the resolution any time after a committee has reported or has been discharged from further consideration. Prohibits the Secretary from prescribing any rules identical to regulations disapproved by Congress without the enactment of additional legislation respecting his authority. Prohibits the Secretary from prescribing regulations which require purchasers of black powder to complete affidavits or forms attesting to their exemption from certain provisions of the Federal criminal code. Makes any law or regulation promulgated by any State prohibiting the transfer of an unloaded and not readily accessible firearm or ammunition null and void. Title II: Amendments to title VII of the Omnibus Crime Control and Safe Streets Act of 1968 - Repeals title VII of the Omnibus Crime Control and Safe Streets Act (relating to the receipt, possession, or transportation of firearms by felons, veterans dishonorably discharged, mental incompetents, illegal aliens, and persons renouncing their United States citizenship).
United States · United States Congress · 28 September 1979
Declares that, notwithstanding the provisions of title 25 of the United States Code (Indians), any land adjoining existing trust land may be acquired in the name of the United States in trust for any Indian tribe in the States of Arizona and New Mexico. Authorizes the Secretary of the Interior to proclaim such land to be Indian reservation land.
United States · United States Congress · 28 September 1979
Omnibus Solar Commercialization Act of 1979 - Title I: Renewable Energy Initiatives - Establishes a national goal for the increased use of renewable energy resources as a part of the Nation's total energy supply in the year 2000. States that it shall be the policy of the Secretary of Energy to utilize State and local government organizations, Energy Extension Services, regional Solar Energy Research Centers, and other such entities in providing information services, training, education and other services to the public and to persons involved in the development and commercialization of solar energy systems. Directs the Secretary to establish a Solar Energy and Conservation Information Center to provide information services to the public and to the entities listed above, including: (1) retrieval and dissemination of solar energy development and commercialization materials; (2) development of materials specifically designed to assist architects, builders, installers, manufacturers and others involved in solar energy development and commercialization; and (3) development of training and education programs specifically designed for such purposes. Directs Federal agency heads responsible for construction of new civilian Federal buildings to require the utilization of active and passive solar energy systems unless it is determined that such systems are not cost effective, according to a specified formula. Directs the head of each Federal agency operating a fueling station for civilian gasoline motor vehicles to require that such stations only dispense a ten percent alcohol and gasoline mixture. Authorizes the Administrators of the Alaska Power Administration, the Southeastern Power Administration, the Southwestern Power Administration, and the Western Area Power Administration to purchase power from proposed non-federally constructed generating facilities utilizing renewable energy resources. Authorizes such Administrators to construct and operate non-hydroelectric generating facilities, provided that the Administrator has made a public offer to purchase or guarantee the purchase of power from a comparable non-federally constructed facility and has received no offer from a non-federal entity to construct such a facility. Authorizes those Administrators to renegotiate existing power sales to customers who undertake energy conservation programs. Directs the Secretary to establish programs: (1) to promote the development and utilization of synergistic combinations of different renewable energy resources; (2) to initiate energy self-sufficiency at appropriate levels of government to accelerate the development of such resources; and (3) of Federal assistance to stimulate private industry participation in energy self-sufficiency initiatives. Establishes an Office of Energy Self-Sufficiency to undertake such programs. Directs the Secretary to prepare a plan setting forth the responsibilities of such Office. Title II: Wind Energy Initiatives - Establishes program objectives for the development and commercialization of wind energy. Directs the Secretary to establish programs designed to promote research, development, demonstration, field experimentation, and commercialization of wind energy systems by means of Federal financial assistance, subsidies, and contract awards. Establishes criteria for program selection under this title. Directs the Secretary to monitor the performance and operation of wind energy systems installed under this title and to collect and evaluate data derived therefrom, as well as to conduct studies and take such other actions to assure the effectiveness of such programs. Directs the Secretary to conduct a Federal Applications Study for Wind Energy Systems in cooperation with appropriate Federal agencies to determine potential uses of wind power in Federal facilities and to identify potential sites for such systems at specified agencies. Directs the Secretary to conduct other specified studies and analyses related to wind energy. Establishes a wind energy utilization program for the accelerated procurement and installation of wind energy systems in Federal facilities. Establishes an advisory committee to assist the Secretary in performing his duties relating to the wind energy program.
United States · United States Congress · 28 September 1979
Expresses the sense of the Senate that the President should direct our United Nations Ambassador to seek an emergency agenda item concerning an emergency food and medical relief program for the people of Cambodia. States that the United States should participate fully in any such adequately monitored program.
United States · United States Congress · 27 September 1979
Ocean Thermal Energy Conversion Research, Development, and Demonstration Act - Directs the Secretary of Energy to prepare a comprehensive plan and program of research, development, and demonstration of ocean thermal energy conversion systems. Directs the Secretary to prepare a comprehensive commercialization plan designed to realize the goal of producing 10,000 megawatts of electrical capacity or energy product equivalent from ocean thermal energy conversion systems by the year 1999. Sets forth criteria for the selection of programs and the establishment of priorities concerning ocean thermal energy conversion systems. Establishes an Ocean Thermal Energy Conversion Advisory Committee to study and advise the Secretary on the implementation and conduct of the programs established under this Act and on other matters concerning ocean thermal energy conversion. Directs the Secretary to submit to Congress an annual report on the activities undertaken pursuant to this Act. Authorizes appropriations for plant and capital equipment for specified ocean thermal energy conversion demonstration plants.
United States · United States Congress · 27 September 1979
Uranium Miners Compensation Act of 1979 - Directs the Secretary of Health, Education, and Welfare to pay benefits for the total disability or death of any miner due to a radiation-induced or dust-induced latent disease if such miner was employed for at least three years in one or more uranium mines prior to full implementation of final regulations issued under the Federal Metal and Nonmetallic Mine Safety Act prior to its repeal. Directs the Secretary to issue regulations prescribing standards for determining the extent of such disabilities and whether such deaths were due to such disease. Establishes criteria for setting such standards. Sets forth formulae for determining the amount of payments to be paid to a disabled miner and his dependents and to a deceased miner's dependents. Stipulates that such benefit payments shall be reduced by an amount equal to any payments received under workmen's compensation, unemployment compensation, or disability insurance laws of the appropriate State or under the excess earnings provisions of the Social Security Act. Excludes such benefits from consideration as income under the Internal Revenue Code. Reduces the amount of benefits to be paid in the event a claimant under this Act receives compensation or damages from an employer or other person based on a tort or other claim. Directs the Secretary to utilize personnel and procedures used to determine entitlement to disability insurance benefits under the Social Security Act in carrying out the provisions of this Act. Sets forth the criteria for determining the validity of claims filed under this Act. Sets forth requirements relating to eligibility for benefits under this Act. Directs the Secretary to submit annual reports on the activities covered by this Act. Authorizes the Secretary to enter into contracts with and/or make grants to public and private entities: (1) to construct and operate fixed-site and mobile clinical facilities for analysis, examination, and treatment of radiation- induced and dust-induced latent diseases and impairments; (2) to evaluate, in consultation with the Secretary of Labor and the Director of the National Institute for Occupational Safety and Health (NIOSH), the effects of specified uranium radiation exposure; and (3) to conduct research related to such diseases and impairments. Directs the Secretary and the Secretary of Labor, in consultation with the Director of NIOSH, to conduct a program to inform uranium miners of the hazards to which they are being exposed and of the benefit program established under this Act. Prohibits uranium mine operators from discharging or in any way discriminating against any miner suffering from radiation-induced or dust-induced latent disease. Sets forth procedures for allowing a miner who believes he has been discharged or discriminated against for such reasons to apply to the Secretary for a review of such alleged discrimination or discharge. Sets forth criminal penalties for fraudulently seeking to obtain benefits under this Act. Directs the Secretary to require employers to file reports concerning miners who may be entitled to benefits under this Act. Establishes civil penalties for failure to comply with such reporting requirements.
United States · United States Congress · 24 September 1979
Residential Energy Efficiency Program of 1979 - Amends the State residential energy conservation plan provisions of the National Energy Conservation Policy Act to authorize the Secretary of Energy to institute an alternative home energy efficiency program in any State, political subdivision, utility service area, or geographical area thereof. Exempts persons subject to such program from the requirements and prohibitions contained in the utility program established under such Act. Sets forth requirements for such alternative home energy efficiency program, including: (1) a requirement that the Secretary designate a Federal, State, or local agency to negotiate a contract with an energy conservation company to undertake a home energy retrofit program in a specified geographic area for a specified per unit price to be paid by such agency; (2) a requirement that such energy conservation company comply with specified criteria concerning such home energy retrofit program; and (3) a requirement that the designated agency establish accurate normalized measurements of energy use by type of energy before and after the installation of such retrofit measures to determine the saving produced by such energy conservation company. Directs the Secretary to provide funds to designated agencies to pay energy conservation companies for energy actually saved. Requires public utilities to make periodic payments to the Secretary not to exceed the value of the savings in a given year realized by such utilities as a result of the energy actually saved. Authorizes such utilities to sell any energy available to it as a result of a home energy retrofit program to willing nonresidential buyers. Authorizes the Secretary to issue notes or other obligations in order to finance such energy retrofit programs in the event the moneys received from public utilities under this Act are insufficient to finance such programs. Places limitations on the Secretary's authority to enter into such contracts depending on the amount of payments received from public utilities pursuant to this Act. Requires the Secretary, prior to instituting any program authorized by this Act, to provide for public comment. Expands the definition of "residential buildings" for the purposes of this Act to include buildings having more than four dwelling units.
United States · United States Congress · 20 September 1979
Directs the United States to discuss with the Organization for Economic Cooperation and Development Steel Committee a multilateral agreement to halt government-subsidized export credits for steel plants and equipment.
United States · United States Congress · 14 September 1979
Acid Precipitation Act of 1979 - Establishes an Acid Precipitation Task Force to prepare a comprehensive plan of action to ameliorate the harmful effects of acid precipitation within ten years. Requires such plan to focus the combined efforts of the private and public sectors on such problem. Sets forth the composition of such Force, including representatives from specified Federal agencies. Sets forth the elements of such plan, including programs for: (1) establishing and operating a nationwide monitoring network; (2) identifying and measuring the sources of such precipitation; (3) understanding the airborne chemistry responsible for such precipitation; (4) assessing economic, social, health, and environmental impacts; (5) effecting scientific interchanges with appropriate foreign countries; (6) documenting all current Federal activities relevant to the problem; (7) considering various regulatory and nonregulatory solutions; (8) establishing performance evaluations standards; and (9) describing a role for affected and contributing States. Makes such plan the basis for determining goals and establishing diplomatic initiatives and bilateral treaties with other countries involved in acid precipitation programs. Requires the submission of such plan to Congress one year after the enactment and annually thereafter. Authorizes appropriations for the implementation of this Act for ten fiscal years. Stipulates that such funds be appropriated and administered through the Environmental Protection Agency.
United States · United States Congress · 3 August 1979
Small Scale Energy Technology Programs Reorganization Act - Defines the term "small-scale technology" to include renewable energy and other technologies, products, and services which contribute to energy production, conservation, and awareness among end users in a manner which is simple, environmentally sound, and reliant upon available labor. Establishes and Office of Small Scale Technology within the Department of Energy. Requires the Office to incorporate the energy technology small grants program of the Department. Directs the Secretary of Energy, through the Director of such Office, to: (1) make grants to small businesses and localities for small-scale technology; (2) certify the performance of small-scale technology equipment and demonstration models developed by grantees; (3) assist in the marketing of certified technologies; (4) provide information on the benefits and availability of small-scale technology and the role of small business in its production; (5) assist State and local governments in the use of such technology; and (6) coordinate domestic and international small-scale technology programs. Sets forth procedures for the administration by the Office of the small grants program. Limits any such grant to not more than $100,000 for any two-year period. Directs the Secretary to initiate a program to promote the use of small-scale technology and to improve the competitive position of small, energy-related businesses. Requires the Secretary to provide grants to small businesses and localities to expand the use of certified technologies. Requires the Director to conduct and submit to Congress a study on the practicality of integrating all functions of the Energy-Related Inventions Program into the Office of Small Scale Technology. Directs the Secretary to report to Congress concerning: (1) policy recommendations to the Department for utilizing small-scale technologies to meet the Nation's energy needs; (2) the advisability of modifying the Department's patent policy to enable small businesses to commercialize emerging technologies; and (3) the activities of the Office. Establishes an Interagency Council on Small Scale Technology as an independent instrumentality of the U.S. in the executive branch. Directs the Council to review, coordinate, and report to Congress on the current and potential small-scale technology programs of the Government.
United States · United States Congress · 2 August 1979
Amends the Federal Civil Defense Act of 1950 to implement a new civil defense program for the 1980's designed to: (1) enhance the survivability of the American people and its leadership; (2) enhance strategic nuclear deterrence and stability; (3) continue and strengthen the Nation's policy of relying on superior nuclear forces and conventional tactical forces; (4) include planning and population relocation during times of international and domestic crisis; and (5) utilize the structure and capabilities of the National Guard to the maximum extent practicable. Directs the President to carry out such program and specifies elements to be included in such program. Authorizes appropriations to carry out the provisions of this Act for each of the fiscal years 1980 through 1986. Requires the Director of the Federal Emergency Management Agency to study the feasibility of using the National Guard as the principal organizing and training unit for local civil defense activities and to study the feasibility of using organizations composed of veterans, and other appropriate groups and individuals, to help in developing, staffing, and carrying out civil defense plans during periods of emergency. Requires the Director to submit the results of such studies to Congress within one year.
United States · United States Congress · 30 July 1979
Savings and Investment Encouragement Act of 1979 - Title I: Incentives for Individual Saving - Amends the Internal Revenue Code to exclude from gross income up to $100 of the interest earned on a savings account. Permits an exclusion of up to $500 for interest which is reinvested in a savings account. Excludes from gross income up to $500 of dividends received which are reinvested in the stock of domestic corporations. Requires that the sum of the adjusted basis of stock in domestic corporations held by the taxpayer plus the amount held in a savings account (investment base) on the last day of a taxable year exceed the investment base of the taxpayer as of the first day of such taxable year, plus the amount of dividends and interest excludible for such taxable year. Title II: Incentives for New Plant and Equipment - Revises the method for determining useful lives of business assets for purposes of computing allowable depreciation deductions. Replaces the asset depreciation range (ADR) method with a schedule of capital cost recovery periods for three classes of business property. Establishes capital cost recovery periods for the following classes of business property: (1) buildings and their structural components, ten years; (2) tangible property, five years; and (3) automobiles, taxis, and light-duty trucks (up to $100,000), three years. Allows a ten percent investment tax credit for buildings and tangible property, and a six percent credit for automobiles, taxis, and light-duty trucks. Requires the recapture of depreciation amounts and investment tax credit amounts applicable to assets which are sold or otherwise disposed of prior to the expiration of the cost recovery period. Permits taxpayer to deduct less than the full allowance for capital cost recovery in any taxable year. Permits a carryover to succeeding taxable years of any unused depreciation amounts. Disqualifies capital cost recovery property from the allowance for first year depreciation. Treats amounts claimed as the capital cost recovery of noncorporate lessors as an item of tax preference for purposes of the minimum tax. Adopts as an accounting practice the "half year convention" under which investments eligible for capital cost recovery treatment or the investment tax credit which are made at any time during the taxable year are deemed to be made in the middle of such year. Title III: Incentives for Research and Development - Qualifies research and development expenditures related to a trade or business for the investment tax credit.
United States · United States Congress · 30 July 1979
National Student Loan Reform Act - Declares the purposes of this Act to be to: (1) ensure capital availability for student loans by strengthening the campus-based direct loan program; (2) adjust repayment schedules, and otherwise improve collection procedures, to make repayment sensitive to ability to repay and to reduce the default rate; and (3) guarantee loans to eligible borrowers so as to facilitate providing the expected family contributions (or, in the case of independent students, the expected self-help contribution) to the cost of higher education. Amends the Higher Education Act of 1965 to direct the Student Loan Marketing Association (Association) to enter into agreements with eligible institutions for making low-interest loans to students directly through such institutions. Sets forth the terms of such agreements. Stipulates that: (1) the conditions of such loans shall be determined by the institution, subject to any requirements or limitations prescribed by the Association; (2) the amount of such loans shall equal the cost of attendance minus any scholarships or other loans, the expected family income or self-help contribution, and any other Federal assistance; (3) such loans will be made to accepted or attending students in financial need who are carrying at least one-half the normal academic workload; and (4) such loans shall be evidenced by a written agreement. Stipulates with regard to repayment that: (1) the repayment period shall begin nine months after a student graduates or ceases to carry the required workload, and continue for a maximum of 15 years; (2) repayment may be in either equal or graduated installments at the option of the student borrower; (3) payments may be accelerated or paid in full without penalty; (4) the interest rate shall be seven percent; (5) no security or endorsement shall be required unless the student borrower is a minor; (6) the loan shall be cancelled upon the death or permanent total disability of the student borrower; (7) no repayment shall be required while the borrower is in school, or for up to three years while in the Armed Forces, Peace Corps, or a volunteer under the Domestic Volunteer Act of 1973; (8) repayment extensions may be made; and (9) partial ban cancellation shall be made for certain teaching positions and combat veterans. Establishes a loan program guaranteed by the Association to meet the cost of the expected family contribution under this Act. Authorizes necessary appropriations to the student ban insurance fund for such loans and related expenses. Transfers such funds availability from the Commissioner of Education to the Association. Provides that the Association shall pay an eligible institution ten dollars per academic year year for each enrolled student on whose behalf such family-contribution loan is made. Limits such new family-contribution loans to fiscal years 1981-1985, and prohibits payments for existing loans after September 30, 1989. Stipulates with regard to such family-contribution loans: (1) the institution must certify to the lender the amount of the expected family contribution; (2) such loans shall be 100 percent insured; (3) the student must have been accepted, or already enrolled, on at least a half- time basis; (4) such loans will be made without security and without endorsement; (5) repayment shall begin no more than nine months after graduation or after the student ceases to be at least a half-time student, and shall be over a period of not less than five nor more than ten years; (6) principal need not be paid (but interest shall accrue) if the student is enrolled at least half-time (including graduate school), in a rehabilitation training program, or unable to find (for up to 12 months) full-time employment; (7) interest, at a rate of one percent less than the Treasury rate, shall accrue and paid during the term of the loan, except that such interest may be deferred until repayment of the principal starts; and (8) payments may be accelerated without penalty. Provides that, upon application by an eligible lender, the Association shall issue certificates of insurance covering the loan and setting forth the amount and terms of the insurance. Authorizes the Association to issue to a lender a certificate of comprehensive coverage to cover all qualifying loans made by such lender within a specified cutoff date and up to a specified aggregate maximum. Sets forth lender recovery procedures for defaulting loans. Provides that the Association shall repay the loans of bankrupt, diseased, or disabled borrowers. Revises provisions regarding special allowance payments to lenders to: (1) change the formula for computing such allowance; and (2) extend the five percent limit on such allowance from October 1, 1977, to October 1, 1980. Eliminates the provision providing for a District of Columbia student loan insurance program. Authorizes Federal credit unions to make family-contribution loans to eligible borrowers. Terminates existing lending programs (Guaranteed Student Loan Program and the National Direct Student Loan Program) six months after the enactment of this Act. Provides for the dissolution of the existing Student Loan Marketing Association and the assumption, and expansion, of such Association's functions by a newly created Association. Includes within such new Association's functions: (1) the authority to continue to purchase, sell, collect or otherwise deal in specified existing student loan programs; (2) the authority to contract with State guaranty agencies (and compensate them for services) for collecting student loans, distributing loan funds to institutions, monitoring and auditing student loan programs, and providing technical assistance and information regarding such loans. Authorizes the Association to issue notes, bonds, or other obligations, with the concurrence of the Secretary of the Treasury. Provides that the obligations of the Association shall constitute general obligations of the United States.
United States · United States Congress · 30 July 1979
State Social Security Deposit Act of 1979 - Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to direct a State to pay to the Secretary of the Treasury, within 30 days following the end of each month, OASDI contributions related to the employment of State employees.
United States · United States Congress · 26 July 1979
Amends the Public Rangelands Improvement Act of 1978 to prohibit the Secretary of the Interior from implementing an allotment management plan which would reduce grazing rights under outstanding permits or licenses by more than ten percent in any one year or more than 20 percent in any ten-year period. Permits greater reductions in livestock grazing if it can be shown after notice to all interested parties and a hearing that irreparable damage will occur to the rangeland.
United States · United States Congress · 26 July 1979
Establishes a Senate Select Committee on Narcotics Abuse and Control to: (1) conduct a continuing comprehensive study and review of the problems of narcotics abuse and control; and (2) review any recommendations made by the President, or by any department or agency of the executive branch of the Federal Government, relating to programs or policies affecting narcotics abuse or control. Directs the select committee to report to the Senate with respect to the results of any investigation conducted by the select committee. Requires the select committee to submit an annual report to the Senate which shall include a summary of all activities.
United States · United States Congress · 19 July 1979
Amends title XIX (Medicaid) of the Social Security Act to authorize the Secretary of Health, Education, and Welfare to pay to each State which has a plan approved under such title 90 percent of the cost attributable to the administration of so much of such plan as relates to the provision of medical assistance in Indian health service facilities which are eligible for reimbursement pursuant to the Medicaid program.
United States · United States Congress · 19 July 1979
Amends the Internal Revenue Code to exclude from gross income a corporate stock distribution to a stockholder based upon the reinvestment of stock dividends in the corporation by such stockholder pursuant to his election to participate in a qualified dividend reinvestment plan, as defined in this Act. Limits the amount of such exclusion to $1,500 per year. Establishes a rebuttable presumption that a distribution made by a corporation which purchases its common stock within one year of such distribution shall not be deemed a distribution pursuant to a qualified dividend reinvestment plan.
United States · United States Congress · 18 July 1979
Local Energy Management Act of 1979 - Title I: Findings, Declaration of Purpose, and Definitions - Declares that the purposes of this Act are: (1) to establish a demonstration grant program applicable to localities proposing energy conservation and renewable energy resource development plans; (2) to establish a documentation and distribution grants program; and (3) to establish a local energy reference center to disseminate information on such programs. Title II: Program Administration - Directs the Secretary of Energy to carry out the provisions of this Act and to report annually to the Congress on activities of the programs established under this Act. Requires the Secretary to consult and cooperate with appropriate Federal and other public and private agencies to provide a coordinated approach to the programs established under this Act. Title III: Demonstration Grants Program - Authorizes the Secretary to make nonrenewable grants to localities for the development of measures to promote energy conservation and the development of renewable resources. Sets forth application and other procedures for such grants program. Title IV: Documentation and Distribution Grants Program - Authorizes the Secretary to make renewable, one-year grants to localities to document and distribute practical information on programs to promote energy conservation or the development of renewable energy resources. Sets forth application and other procedures for such grants program. Title V: General Grant Guidelines - Sets forth general guidelines for awarding grants under title III and title IV of this Act. Title VI: Local Energy Reference Center - Directs the Secretary to establish a local energy reference center to serve as a data bank and information center for localities. Sets forth the responsibilities of the center. Title VII: Technical Assistance Panel - Directs the local energy reference center to establish a technical assistance panel to provide information to localities on energy conservation and development of renewable energy resources. Title VIII: Authorization of Appropriations - Authorizes the appropriation of $15,000,000 for fiscal year 1980, $20,000,000 for fiscal year 1981, and $20,000,000 for fiscal year 1982 to carry out the purposes of this Act.
United States · United States Congress · 17 July 1979
John F. Kennedy Center Act Amendments of 1979 - Amends the John F. Kennedy Center Act to direct the Secretary of the Interior, through the National Park Service, to include repair services among the services necessary for the operation of the Center. Directs the Secretary to provide a portion of the costs of such services. Credits tax-exempt contributions for specified events against the bond principal and interest due for parking facilities. Authorizes the Center to issue revenue bonds to retire the Center's debt to the concessionaire of the parking garage.
United States · United States Congress · 16 July 1979
Veteran Senior Citizen Health Care Act of 1979 - States the purposes of this Act to be: (1) to provide for the increasing demand for geriatric and extended health care and medical services being placed on the Veterans' Administration (VA) hospital system; and (2) to make the VA hospital system foremost in the area of geriatric health care and the repository of gerontology medical knowledge. Directs that within the Office of the Chief Medical Director of the VA one Assistant Chief Medical Director shall be doctor of geriatrics, and shall be responsible for the VA's geriatric services. Directs the Administrator of Veterans' Affairs to designate 15 VA hospitals as demonstration centers of geriatric research, education, and clinical operations. Stipulates that such centers shall operate until September 30, 1983. Directs the Administrator to provide that: (1) each hospital operating as a geriatric center on the date of enactment of this Act be designated as the location for a demonstration center; and (2) such designated hospitals be geographically dispersed across the United States. Directs the Administrator to establish a Geriatrics and Extended Care Task Force within the VA's Special Medical Advisory Group. Stipulates that such Task Force shall assess: (1) the VA's capability to provide geriatric services on a sustained and growing basis to eligible veterans; and (2) the current and projected needs for geriatric and extended health services among eligible veterans. Requires such Task Force to submit a report to the Administrator and the Special Medical Advisory Group within 18 months after the effective date of this Act. Directs the Administrator to transmit such report, (within 90 days of receipt) along with any comments, to the Senate and House Veterans' Affairs Committees. Requires a final report to be submitted by such Task Force within four years of the effective date of this Act. Authorizes appropriations of: (1) $15,000,000 for fiscal year 1980; (2) $20,000,000 for fiscal year 1981; (3) $25,000,000 for fiscal year 1982; and (4) $25,000,000 for fiscal year 1983.
United States · United States Congress · 12 July 1979
Occupational Safety and Health Amendments of 1979 - Amends the Occupational Safety and Health Act of 1970 to exempt farms or non-hazardous businesses with ten or less employees from coverage under such Act. Defines "non-hazardous business" as any business with an occupational injury incidence rate not exceeding seven percent.
United States · United States Congress · 9 July 1979
Amends the Mineral Leasing Act of 1920 to authorize the Secretary of the Interior to issue coal leases on other Federal lands in the State of New Mexico to the owner of a specified coal lease upon surrender of such lease.
United States · United States Congress · 27 June 1979
Directs the Secretary of the Interior to conduct feasibility studies of the following hydroelectric power projects: (1) Black Canyon Dam powerplant, Idaho; (2) Cle Elum and Tieton Dams powerplants, Washington; (3) Hungary Horse powerplant enlargement and reregulating reservoir, Montana; (4) Headgate Rock powerplant, Arizona; (5) Owyhee Dam powerplant, Oregon; (6) Potholes Canal Chute-Station 3480+45 powerplant, Washington; (7) Wickiup Dam powerplant, Oregon; (8) Tiber Dam powerplant, Montana; (9) New Siphon Drop powerplant, California; (10) Green Mountain Afterbay, Colorado; and (11) Alcova pumped-storage plant, Wyoming.
United States · United States Congress · 27 June 1979
Taxpayer Protection and Reimbursement Act - Title I: Amendments to Internal Revenue Code of 1954 - Amends the Internal Revenue Code to award reasonable court costs, including attorneys' fees, to the prevailing party (other than the United States or a creditor of the prevailing party) in any civil action in any court of the United States for the determination, collection, or refund of any tax, interest, or penalty imposed under the Internal Revenue Code. Limits the amount of such award to $20,000 for any one civil action. Includes within the definition of "attorneys' fees" amounts paid to an individual who is not an attorney, but who is authorized to practice before the Tax Court. Defines "prevailing party" as a party who recovers all, or all but an insignificant portion of the amount in controversy in a civil tax proceding, or whose position is sustained as to all, or all but an insignificant portion, of the issues involved, and who establishes that the position of the United States in the civil action was unreasonable. Disallows costs and attorneys' fees for certain civil actions involving declaratory judgments. Title II: Amendments to Title 28 - Incorporates into title 28 (Judiciary and Judicial Procedure) of the United States Code the amendments set forth in title I of this Act.
United States · United States Congress · 27 June 1979
Authorizes the Secretary of the Interior to construct, operate, and maintain the following hydroelectric powerplant projects and the necessary transmission facilities: (1) Friant powerplant, California; (2) Whiskeytown powerplant, California; (3) Canyon Ferry powerplant enlargement, Montana; (4) Yellowtail Afterbay powerplant, Montana; (5) Colorado-Big Thompson powerplant, Colorado; (6) Hoover Dam outlet works powerplant, Arizona and Nevada; (7) Buffalo Bill Dam powerplant replacement, Wyoming; (8) Red Bluff powerplant, California; (9) Stony Gorge powerplant, California; (10) Monticello powerplant, California; (11) Boca powerplant, California and Nevada; (12) Prosser powerplant, California and Nevada; and (13) Blue Mesa powerplant, Colorado. Stipulates that the hydroelectric power generated by such facilities shall be marketed by the Secretary of Energy through the existing Federal hydroelectric power marketing systems.
United States · United States Congress · 27 June 1979
Authorizes the Secretary of the Interior to acquire the property comprising the Vietnam Veterans Chapel near Eagle Nest, New Mexico, and to establish such property as a war memorial to the veterans of the Vietnam war. Directs that such memorial shall be administered by the Secretary as a unit of the National Park System.
United States · United States Congress · 26 June 1979
Expresses the sense of the Senate that the President shall call as soon as possible an Energy Summit Conference to bring together representatives of the oil industry, consumer representatives knowledgeable on energy matters, officials of the executive branch and other levels of government, and such other persons as the President deems necessary to review any data submitted and report to the President on current and expected energy shortages, a prognosis for the future, and recommendations for public and private action to meet those shortages. Directs the Conference to consider the establishment of a national energy council. Directs the President to report to the American people the results of the Conference along with his recommendations for a national energy policy.
United States · United States Congress · 25 June 1979
Amends the Surface Mining Control and Reclamation Act of 1977 to extend the time periods within which: (1) the regulatory authority is required to process and decide upon permit applications submitted by the operators of surface coal mines in expectation of operating such mines; (2) each State must submit to the Secretary of the Interior a State program which demonstrates that such State has the capability of carrying out the provisions of such Act; (3) the Secretary must prepare, promulgate and implement a Federal program for a State which failed to submit an acceptable program within the specified time; and (4) each State must submit a program covering surface coal mining and reclamation operations. Eliminates the time extension for States which require an Act of the State legislature to achieve compliance with such Act.
United States · United States Congress · 25 June 1979
Replacement Motor Fuels Act of 1979 - Directs the Secretary of Energy to establish a program to promote the development and use of replacement fuels in the United States to replace gasoline used as a motor fuel with replacement motor fuel containing the maximum percentage of alcohol or other liquid produced from coal, oil, shale, or other substances as is economically and technically feasible. Directs the Secretary to determine with respect to replacement fuels, the most suitable raw materials for their production, the nature of the distribution systems and production processes of such fuels, the technical and economic feasibility of including liquids extracted from oil shale and coal in such program, and the technical and economic feasibility of reaching goal of replacing 20 percent of the gasoline used as a motor fuel with replacement fuels by the year 1992. Directs the Secretary to set production goals for replacement fuels for each of calendar years through 1981 through 1987. Sets forth the manner of determining the percentage of replacement fuel by volume to be contained in the total quantity of gasoline and replacement fuel sold annually in commerce in the United States in calendar years 1981 through 1990, and directs the Secretary to issue a rule setting the minimum percentage replacement fuel to be sold for year 1981 through 1986 by any refiner. Sets forth provisions for the enforcement of such requirements. Authorizes the appropriation of up to $1,000,000 for fiscal year 1980 to carry out this Act.
United States · United States Congress · 19 June 1979
Synthetic Fuels Production Act of 1979 - Title I: Findings and Purposes - Declares that the purpose of this Act is to establish a synthetic fuels and alternate fuels production plan for the Nation. Title II: Corporate Status, General Powers, Subsidiaries, and Tax Status - Establishes the Syn-Fuels and Alternate Fuels Authority which shall be responsible for directing the production of synthetic fuels. Sets forth the general powers of such Authority, including the power to create subsidiary corporations to carry out one or more of the functions of the Authority. Exempts the Authority from all State and Federal taxation except real property taxes and taxes imposed on any entity acquired or established by the Authority which engages in energy-related enterprises. Title III: Financial Assistance - Authorizes the Authority to provide financial assistance to any business concern engaged or which proposes to engage in synthetic and other alternate fuel projects. Sets forth criteria for granting such assistance and specifies application procedures, interest rates, and other conditions for obtaining such assistance. Authorizes the Authority to make loan guaranties to any lender for loans made to any business concern where such funds would contribute to accomplishment of the purposes of this Act. Limits the total amount of financial assistance to be provided by the Authority to the sum of the amount authorized as capital of the Authority and the amount the Authority is authorized to borrow under this Act. Authorizes the Authority to make high-risk loans or direct investments or to provide other direct financial assistance which the Board of Directors of the Authority determines will further the purposes of this Act. Authorizes the Authority to sell equity securities. Authorizes the President to appoint an advisory panel to study and report on the effects of issuance of obligations and provision of financial assistance by the Authority on the functioning of the Nation's capital markets. Title IV: Capitalization and Finance - Authorizes capital stock of the Authority in the amount of $25,000,000,000 and authorizes the appropriation of $25,000,000,000 for this purpose. Authorizes the Authority to issue and to have outstanding at any one time notes, debentures, bonds, or other obligations in the aggregate principal amount of $50,000,000,000. Exempts the receipts and disbursements of the Secretary of the Treasury in connection with the purchase or redemption of, and income from, capital stock of the Authority from inclusion in the totals of the budget of the United States. Title V: Management - Vests the power of the Authority to act in the Board of Directors, except as specified. Provides for the appointment of a Chairman of the Board and other directors and sets forth the duties of the Chairman. Sets forth provisions relating to officers and employees, conflicts of interest, delegation of authority, fiscal year reviews and audits, and reports and recordkeeping. Title VI: Priority Energy Project Act - Priority Energy Project Act of 1979 - Declares that the purpose of this title is to provide for a coordinated, simplified, and expeditious, process for Federal approval of energy facilities that are determined to be in the national interest. Directs the Secretary of Energy to designate priority energy projects based on specified criteria. Directs the Authority to publish a Project Decision Schedule containing deadlines for all Federal actions relating to such projects. Directs the President to make any decisions or perform any actions in the event that an agency or department fails to meet its deadline, provided that there has been notice and an opportunity for public comment on such decision. Limits environmental and judicial reviews to those of absolute necessity. Authorizes the Authority to establish deadlines for Federal agency action which are shorter than the minimum period required under existing legislation in cases of exceptional national need. Provides for coordination of the actions of Federal State and local governments. Directs the Authority to recommend to any State Governor and to the Congress actions to alleviate or prevent any delays in a priority energy project created or threatened by any State or local government. Sets time limits for filing claims arising out of actions pursuant to this title and bars any claims filed thereafter. Stipulates that such claims shall be brought in the United States court of appeals for the circuit where the project would be located and grants exclusive original jurisdiction to such court in such matters. Directs such court to give precedence to such matters over all other matters on the court's docket, to the greatest extent practicable. Authorizes the Supreme Court, exclusively, to review interlocutory judgments or orders of the court of appeals pursuant to this title and directs the Supreme Court to give precedence to such matters to the greatest extent practicable. Prohibits the granting of injunctive relief against the issuance of any right-of-way, permit, lease, or other authorization pursuant to this title except in conjunction with a final judgment on a claim filed pursuant to this title. Establishes an Office for Priority Energy Projects within the Department of Energy to assist the Secretary with his duties under this title. Title VII: Production Goals of the Authority - Directs the Authority to establish a set of goals for the commercial production by the year 1990 of synthetic fuels such as oil shale, coal gas and liquids, and such processes as urban waste reuse, geothermal power, solar power, biomass conversion, and other such resources. Authorizes the Authority to supervise the construction, management, operation, and production of fuels from an Authority-owned synthetic fuels facility to meet part of the fuel needs of the Department of Defense if certain specified conditions obtain. Directs the Authority to establish timetables for the production by the year 1990 of at least 1.5 million barrels of oil equivalent a day from the three technologies of oil shale, coal gas, and coal liquids, and a timetable to reach certain other commercial goals of production for other syn-fuels processes and other alternate fuels processes. Requires the Authority to report to Congress periodically on the progress toward meeting the 1990 goals and to submit its books to periodic audits. Title VIII: Unlawful Acts and Penalties - Imposes fines and/or imprisonment under this Act for the following acts: forgery; false statements; misappropriation of funds; infringement on name; and unlawful contracts. Title IX: General Provisions - Makes provisions for coordination of Authority activities with other entities, severability, termination and liquidation of the Authority, relationship to other laws, and the reservation of right to amend or repeal this Act. Stipulates that the provision of financial assistance under this Act shall be deemed to be a "major Federal action" for the purposes of the National Environmental Policy Act of 1969 when: (1) no other Federal agency is required to prepare an environmental impact statement; and (2) such financial assistance is in fact a major action significantly affecting the quality of the human environment.
United States · United States Congress · 19 June 1979
Domestic Energy Policy Act of 1979 - Establishes energy supply and demand targets in quadrillion Btu's per year for the United States for the years 1980, 1985, 1990, 1995, and 2000, for specific forms of domestic energy production, including crude oil and other liquefied fuels, natural gas, coal, nuclear, and renewable energy sources. Directs the President to submit an annual energy report to the Congress reviewing energy targets approved or revised by Congress in the previous year and proposing recommendations to the Congress for further revision of such targets. Specifies other components of such energy report. Requires the Congress to consider such targets in detail to arrive at a consensus set of figures representing the Nation's energy future, and to formalize such consensus by joint resolution. States that no legislative action authorizing new budget authority in any year for energy programs would be in order in any House until such joint resolution has been agreed to by such House. Requires the President to prepare an energy impact report on any public bill or resolution reported out of any committee of the House or Senate. Stipulates that the preparation of energy targets shall not be construed to comprise a "major Federal action significantly affecting the environment" for the purposes of the National Environmental Policy Act of 1969.
United States · United States Congress · 19 June 1979
Expresses the sense of the Senate with respect to the adoption of transitional rules for the elimination of the tax exclusion of interest from Government bonds issued to finance mortgages on owner-occupied and multifamily residences. Provides that interest from Government bonds issued after April 25, 1979, shall be excludable from gross income if official actions had been taken by such date indicating an intent to issue such bonds. Permits the rollover of bonds outstanding on April 24, 1979, where the maturity date of such bonds is no longer than the life of the initial mortgages on the property. Permits the use of the tax-exempt bonds for the financing of projects which had reached specified stages of development prior to April 25, 1979.