A bill to amend the Public Works and Economic Development Act of 1965 to extend the authorization for a 1 year period.

Extends the authorizations through fiscal year 1974 for the following programs under the Public Works and Economic Development Act of 1965: (1) grants for public works and development facilities; (2) public works and development facility loans; (3) technical assistance, research and information related to public works and development facilities; (4) financial assistance for projects in economic development districts; and (5) supplemental funds for Federal grants-in-aid programs for economic development regions.

Provides that no area designated as a redevelopment area for purposes of the Act shall have such designation terminated or modified before June 1, 1974, unless the qualified local governing body of the county specifically requests the such action.