Economic Opportunity and Community Partnership Act

Economic Opportunity and Community Partnership Act - Extends the authorization for appropriations of the Economic Opportunity Act of 1964, for an additional three year period through fiscal year 1977. Extends such Act for an additional three year period, through fiscal year 1978.

Authorizes an aggregate of $1,548,000 for fiscal year 1975, $1,761,500 for fiscal year 1976, and $1,983,000 for fiscal year 1977.

Provides for automatic extension of the authorizations beyond fiscal year 1977, unless the Congress passes or formally rejects extension of authorizations, or by concurrent resolution, provides that the automatic extension shall no longer apply.

Establishes an independent "Community Services and Community Economic Development Administration," headed by an Administrator appointed by the President, subject to the advice and consent of the Senate.

States that "Community Services" would include continued direct funding for community action "local initiative" programs, "Community Partnership Agreements", and national emphasis anti-poverty activities such as Emergency Food and Medical Services, Senior Opportunities and Services, and other projects such as evaluation and demonstration activities. Provides for the continuation of the current legal services program. Stipulates that "local-initiative" programs would be continued under current authority. Authorizes appropriations for such purposes of $330,000,000 for fiscal year 1975, 330,000,000 for fiscal year 1976, and such sums as may be necessary in succeeding fiscal years. States that the Federal share for such activities would be 80 percent.

Provides that demonstration community partnership agreements would be funded by the Agency upon approval of an agreement entered into by a community action agency or similar public or private non-profit agency, and the public agency of a State or political subdivision of a State, or any combination, for local initiative type programs.

Sets forth requirements concerning the use of funds. Stipulates that funds should not be used in substitution of local-initiative or other antipoverty programs.

Establishes a National Intergovernmental Review Board on the Financing of Community Services to review community partnership agreements, as well as sources for funding of antipoverty efforts.

States that the Board, appointed by the President, and subject to Senate confirmation, would consist of nine members, including three representives of State and local government, three of community action and similar agencies and the remainder from the private sector.

Stipulates that community economic development programs would include "special impact" programs through community development corporations in rural and urban areas; special rural programs, including funding of rural cooperatives; developmental loans for community economic development programs including establishment of a model domestic development enterprise corporation; and training and technical assistance.

Establishes an Interagency Community Economic Development Resource Committee to insure the maximum application of reasources of other agencies, such as the Small Business Administration, the Department of Houasing and Urban Development, and the Department of Commerce and the Economic Development Administration.

Provides for a Joint Congressional study during the fiscal year ending June 30,1975, to provide for an appropriate administering agency to conduct the community economic development program in the future, including consideration of an independent community economic development agency.