Land and Water Conservation Fund Amendments Act

Land and Water Conservation Fund Amendment Act - Increases the authorization of appropriations for the Land and Water Conservation Fund from $200,000,000 to $1,000,000,000 for each fiscal year through 1989.

Provides, under the financial assistance to States provisions of such fund, that payments to States shall not cover more than 50 percent of the cost of planning or development projects and not more than 75 percent of the cost of acquisition projects. (Amends 16 U.S.C. 460l-4 to 11)