Save Outdoor America Act

Save Outdoor America Act - Establishes an expanded funding program of the Land and Water Conservation Fund to "Save Outdoor America" by increasing and extending through fiscal year 1989 authorizations for the Fund.

Provides that the Federal share payable to any State through fiscal year 1982 shall cover not less than 50 percent of the cost of planning, 60 percent of the cost of development, and 70 percent of the cost of acquisition projects undertaken by the State. Provides that, beginning with fiscal year 1982, the aforementioned percentage payments shall change to 50 percent for all functions.