Olympic Winter Games Authorization Act

Olympic Winter Games Authorization Act - Directs the Secretary of Commerce to provide grants to the Lake Placid 1980 Olympic Games, Incorporated, at such times, and under such conditions as he considers necessary and appropriate, for assisting in the planning, design, and construction of the necessary winter sports and supporting facilities in connection with the XIII international Olympic winter games.

Requires the Secretary to take necessary action to assure that the facilities constructed with Federal assistance will be designed to provide maximum continued public use and benefit following the completion of the 1980 Olympic winter games.

Requires the Secretary to submit interim reports to the Congress on the progress of the design and construction of facilities pursuant to this Act, together with any recommendations for further Federal Government involvement to assure a successful staging of such games. Specifies that a final report shall be submitted following completion of the 1980 games.

Authorizes appropriations to the Secretary of $49,040,000 for grants and $250,000 for the administration of this Act.