A bill to provide for the extension of the period for repayment of revenue bonds issued by the Saint Lawrence Seaway Development Corporation to the Secretary of the Treasury from fifty years to eighty years, and for other purposes.

Extends from 50 years to 80 years the period for repayment of revenue bonds issued by the Saint Lawrence Seaway Development Corporation (the Corporation) to the Secretary of the Treasury.

Directs the Corporation and the Secretary to make all revenue bonds outstanding on the effective date of this Act payable in equal annual amounts over the remainder of the 80 year period established by this Act.