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 87

STAT.]

SEC. 5. The first sentence of subsection (d) of section 509 of the Public Works and Economic Development Act of 1965 is amended by striking out the period at the end thereof and inserting in lieu thereof a comma and the following: "and for the fiscal year ending June 30, 1974, to be available until expended, $95,000,000.". SEC. 6. (a) Section 2 of the Act of July 6, 1970, as amended (Public Law 91-304), is amended by striking out "1972" and inserting in lieu thereof "1974". (b) The amendment made by subsection (a) of this section shall take effect May 31, 1972, and any area designated as a redevelopment area for the purposes of the Public Works and Economic Development Act of 1965, as amended, on or before that date and which has had such designation terminated or modified in accordance with section 402 of such Act of 1965 on or before the date of enactment of this Act shall, for the purposes of such Act of 1965, be held and considered as a designated redevelopment area during such period and shall continue to be designated as a redevelopment area until otherwise terminated or modified in accordance with the provisions of section 402 of such Act of 1965 and section 2 of the Act of July 6, 1970, as amended by this Act (Public Law 91-304). SEC. 7. The President's Inter-Agency Economic Adjustment Committee established under Presidential Memorandum of March 4, 1970, shall submit to the Congress within thirty days following enactment of this Act a report. Such report, with respect to each community affected by the defense facility and activity realignments announced on April 17, 1973, shall— ' (1) contain details as to the facilities or portions thereof affected by the realignments which are excess to the Government's security needs and which can be turned over to the local jurisdiction for civilian use; (2) describe procedures providing for the most expeditious transfer of such facilities to civilian use; (3) contain comprehensive analyses of the community economic impact of a realignment which reduces or terminates activities resulting in a decrease in military or civilian personnel employed at a facility; (4) describe technical assistance and program resources made available by Federal agencies to communities in planning and carrying out economic development plans to utilize facilities transferred to civilian control; and (6) contain an estimate of the Federal program resources and the anticipated cost to fully implement community economic development plans, and, where necessary, contain recommendations for increased appropriations to meet those anticipated costs. SEC. 8. The President shall instruct the Secretary of Commerce and the Office of Management and Budget to reexamine current and past Federal efforts to secure balanced national economic development and shall submit to Congress within six months after the enactment of this Act a proposal for the restructuring of the various Federal economic development programs. Approved June 18, 1973.

22-150 O - 75 - 9

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PUBLIC LAW 93-46-JUNE 18, 1973

Grants-in-aid. 83 Stat. 218; 85 Stat. 167. 42 USC 3188a.

85 Stat. 168. 42 USC 3162 note. Redevelopment area, designation, termination. 79 Stat. 5 5 2. 42 USC 3121 note. 42 USC 3162.

Report to Congress.

Economic de« velopment programs, restructure proposal, submittal to Congress.

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