To amend the Public Works and Economic Development Act of 1965 to eliminate cost-sharing requirements in connection with economic adjustment grants made to assist communities that have suffered economic injury as a result of military base closures and realignments, defense contractor reductions in force, and Department of Energy defense-related funding reductions.

Amends the Public Works and Economic Development Act of 1965 to provide that the federal share of the cost of projects assisted by economic adjustment grants made to communities that have suffered economic injury as a result of a military base closure or realignment, defense contractor reduction in force, or Department of Energy (DOE) defense-related funding reduction shall be 100%.

[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4294 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 4294

   To amend the Public Works and Economic Development Act of 1965 to 
    eliminate cost-sharing requirements in connection with economic 
    adjustment grants made to assist communities that have suffered 
economic injury as a result of military base closures and realignments, 
   defense contractor reductions in force, and Department of Energy 
                  defense-related funding reductions.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 11, 2009

  Mr. Arcuri introduced the following bill; which was referred to the 
Committee on Transportation and Infrastructure, and in addition to the 
   Committee on Financial Services, for a period to be subsequently 
   determined by the Speaker, in each case for consideration of such 
 provisions as fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
   To amend the Public Works and Economic Development Act of 1965 to 
    eliminate cost-sharing requirements in connection with economic 
    adjustment grants made to assist communities that have suffered 
economic injury as a result of military base closures and realignments, 
   defense contractor reductions in force, and Department of Energy 
                  defense-related funding reductions.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ELIMINATION OF COST-SHARING REQUIREMENTS FOR CERTAIN 
              ECONOMIC ADJUSTMENT GRANTS.

    Section 204(c) of the Public Works and Economic Development Act of 
1965 (42 U.S.C. 3144(c)) is amended by adding at the end the following:
            ``(4) Certain economic adjustment grants.--In the case of a 
        grant made under section 209 to a community that has suffered 
        economic injury as a result of a military base closure or 
        realignment, defense contractor reduction in force, or 
        Department of Energy defense-related funding reduction, the 
        Federal share of the cost of the project assisted by the grant 
        shall be 100 percent instead of the percentage specified in 
        subsection (a).''.
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