A bill to amend the Pennsylvania Avenue Development Corporation Act of 1972 to authorize appropriations and further borrowings for implementation of the development plan for Pennsylvania Avenue between the Capitol and the White House, and for other purposes.

Amends the Pennsylvania Avenue Development Corporation Act of 1972 to increase the borrowing authority of the Pennsylvania Avenue Development Corporation. Authorizes appropriations for FY 1984 through 1988 for operating and administrative expenses of the Corporation.