National Infrastructure Act of 1989

Summary

National Infrastructure Act of 1989 - Establishes the National Infrastructure Corporation. Vests the powers of the Corporation in its Board of Directors, who shall be appointed by the President, with the advice and consent of the Senate. Requires the Board to submit to the President and the Congress an annual operations and expenditures report. Requires the Board to establish a National Infrastructure Revolving Fund providing low-cost financing to major infrastructure projects. Sets forth loan conditions. Authorizes the Corporation to: (1) provide technical assistance to qualified concerns; and (2) develop a technical innovation, research, and development program as it pertains to infrastructure. Amends the Internal Revenue Code to make interest from the National Infrastructure Revolving Fund available to implement the capital stock subscription of the National Infrastructure Corporation.

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2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 25 January 1989

  Open at official source

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