An act to amend the Public Works and Economic Development Act of 1965 and the Appalachian Regional Development Act of 1965 to extend the authorization for such Acts for two additional years.

(Measure passed House, amended)

Amends the Public Works and Economic Development Act of 1965 to authorize appropriations through fiscal year 1982 for: (1) grants for public works and development facilities (including health projects); (2) grants for public works and development facility loans; (3) the redevelopment area loan program; (4) technical assistance and economic development planning (including grants to States); (5) supplemental grants and loans; (6) financial assistance to economic development centers and redevelopment areas; (7) assistance to Indian tribes; (8) supplements to Federal grant-in-aid programs; and (9) special economic development and adjustment assistance.

Prohibits terminating or modifying a redevelopment area designation before September 30, 1982.

Amends the Appalachian Regional Development Act of 1965 to authorize appropriations for the Appalachian Regional Commission and the Appalachian development highway system through fiscal year 1982.