Increases the authority of the Pennsylvania Avenue Development Corporation, under the Pennsylvania Avenue Development Corporation Act of 1972, to borrow from the United States Treasury from $50,000,000 to $200,000,000, through September 30, 1990. Permits the Corporation to make loans, in an aggregate of $50,000,000 at one time, to approved applicants, who present economically feasible plans for development and permanent financing, and evidence of management capacity and financial responsibility, for undertaking projects under the development plan.
Creates the Pennsylvania Avenue Development Fund within the U.S. Treasury, which shall be available through September 30, 1990, as a revolving fund for the purposes of such Act.
Authorizes appropriations through fiscal year 1978 for operating and administrative expenses of the Corporation. Authorizes the appropriation of $38,800,000, through fiscal year 1978, to the Corporation for commencement of the development plan, provided the Williard Hotel is preserved as a demonstration area with such funds.
Introduced in House
Introduced in House
Referred to House Committee on Interior and Insular Affairs.
Reported to House from the Committee on Interior and Insular Affairs with amendment, H. Rept. 94-894.
Reported to House from the Committee on Interior and Insular Affairs with amendment, H. Rept. 94-894.
Measure called up under motion to suspend rules and pass in House.
Measure considered in House.
Failed of passage/not agreed to in House: Measure failed of passage in House under suspension of the rules, roll call #105 (149-201).
Roll Call #105 (House)Measure failed of passage in House under suspension of the rules, roll call #105 (149-201).
Roll Call #105 (House)Reported to House from the Committee on Interior and Insular Affairs, H. Rept. 94-894 (Part II).
Reported to House from the Committee on Interior and Insular Affairs, H. Rept. 94-894 (Part II).
Measure called up by special rule in House.
Measure considered in House.
Motion to recommit to the Committee on Interior and Insular Affairs rejected in House.
Passed/agreed to in House: Measure passed House, amended, roll call #542 (225-149).
Roll Call #542 (House)Measure passed House, amended, roll call #542 (225-149).
Roll Call #542 (House)Measure laid on table in House, S. 1689 passed in lieu.
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