Economic Development Administration Termination Act of 1985

Summary

Economic Development Administration Termination Act of 1985 - Repeals the Public Works and Economic Development Act of 1965 (grants for public works projects), the Local Public Works Capital Development and Investment Act (public works employment), and title I of the Community Emergency Drought Relief Act of 1977 (community disaster relief loans) to terminate the Economic Development Administration (EDA) of the Department of Commerce. Enables the Economic Development Revolving Fund to continue in existence to: (1) receive collections and repayments of assistance extended under the Public Works and Economic Development Act of 1965; and (2) pay all obligations arising in connection with such Act. Directs the Secretary of Commerce to determine when the Fund is no longer needed and deposit any remaining moneys into the general fund of the Treasury. Authorizes appropriations for FY 1986 for the orderly phase-out of EDA.

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1 official file

• Introduced in House

  summary · EN · 24 April 1985

  Open at official source

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