Great Falls Preservation and Redevelopment Act

Great Falls Preservation and Redevelopment Act - Establishes the Great Falls Historic District in Paterson, New Jersey.

Authorizes the Secretary of the Interior to make grants and enter into cooperative agreements with the State of New Jersey, local governments, and private nonprofit entities under which the Secretary agrees to pay up to 50 percent of the costs of: (1) preparation of a plan for the development of historic, architectural, natural, cultural, and interpretive resources within the District; and (2) implementation of projects approved under the plan.

Permits the Secretary to enter into cooperative agreements with the owners of property within the District that the Secretary determines are of historical or cultural significance under which the Secretary may: (1) pay up to 50 percent of the costs of restoring and improving the properties; (2) provide technical assistance with respect to the preservation and interpretation of the properties; and (3) mark and provide interpretation of the properties. Lists additional conditions for such agreements. Requires the Secretary, in making funds available for such purposes, to give consideration to projects that provide a greater leverage of Federal funds.

Authorizes appropriations.