Public Works Employment Act

Summary

Public Works Employment Act - Seeks to increase the antirecessionary effectiveness of the Public Works and Economic Development Act by creating jobs especially in the construction sector. Provides that the non-Federal share of costs in public works projects may be reduced or eliminated if the effective taxing and/or barrowing capacity of the applicant has been exhausted. Increases the funding for aid to projects under the Public Works and Economic Development Act from $250,000,000 to $500,000,000 for fiscal year 1975. Authorizes the Secretary of Commerce to make grants to applicants for public works projects beneficial to the community. Limits such grants to those areas experiencing actual or threatened high unemployment. Provides that the Federal share of a grant made for a project shall be 80 percent. Allows the Secretary to reduce or waive the non-Federal share under specified circumstances. Authorizes the payment of interest supplements to or on behalf of private entities. Extends specified programs of the Public Works and Economic Development Act thru 1976. Authorizes the Secretary of Commerce to provide financial assistance to federally assisted projects for which funds have been obligated at the time of enactment of this Act which because of rapid increases in wages or cost of materials cannot be completed within the amount obligated for the project. Provides for grants for the purpose of increasing the Federal contribution to a public works project for which Federal financial assistance is authorized under provisions of law to 100 percent of the cost of the project. Authorizes the appropriation of $250,000,000 for such purposes.

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Documents

2 official files

• Indefinitely postponed in Senate

  summary · EN · 29 July 1975

  Open at official source

• Introduced in Senate

  summary · EN · 29 April 1975

  Open at official source

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