Health Maintenance Organization Assistance Act

Sets forth the Congressional findings and definition of terms of this Act.

Authorizes the Secretary of Health, Education, and Welfare to make grants to any public or nonprofit private health maintenance organization, and to any public or nonprofit private entity intending to become a health maintenance organization, and to enter into contracts with any health maintenance organization or any entity intending to become a health maintenance organization, to: (1) assist it in planning for the development or expansion of a health maintenance organization; and (2) pay all or part of its initial operating costs incurred as a result of its operation in or expansion into a medically underserved area.

Establishes conditions to be met before such grants are made.

Provides that where funds are advanced for a single project or program by more than one Federal agency to an organization assisted under this title, any one Federal agency may be designated to act for all in administering the funds advanced.

States that the sums appropriated for any fiscal year ending prior to July 1, 1977, for grants or contracts under this Act shall remain available for obligation until the end of the fiscal year following such fiscal year.