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Full Text of this Amendment

SA 452. Mr. COBURN submitted an amendment intended to be proposed by him to the bill S. 782, to amend the Public Works and Economic Development Act of 1965 to reauthorize that Act, and for other purposes; which was ordered to lie on the table; as follows:


Beginning on page 2, strike line 1 and all that follows through page 29, line 20, and insert the following:
SEC. 2. FEDERAL SHARE.
Section 204 of the Public Works and Economic Development Act of 1965 (42 U.S.C. 3144) is amended to read as follows:
"SEC. 204. FEDERAL SHARE.
"The Federal share of the cost of any project carried out under this title shall not exceed 40 percent.".
SEC. 3. AUTHORIZATION OF APPROPRIATIONS.
Section 701 of the Public Works and Economic Development Act of 1965 (42 U.S.C. 3231) is amended to read as follows:
"SEC. 701. AUTHORIZATION OF APPROPRIATIONS.
"(a) Economic Adjustment Assistance Program.--There is authorized to be appropriated to carry out the program of grants for economic adjustment assistance under section 209 $150,000,000 for each of fiscal years 2011 through 2015.
"(b) Termination of Other Programs.--Effective on the date of enactment of the Economic Development Revitalization Act of 2011, the Secretary may not carry out any programs under this Act other than the program funded under subsection (a).".


(As printed in the Congressional Record for the Senate on Jun 9, 2011.)