A bill to require the Secretary of the Treasury to issue guarantees with respect to the payment of the principal and interest of bonds to be issued by the Suffolk County Sewer Authority, in Suffolk County, New York, and for other purposes.

Directs the Secretary of the Treasury, beginning in fiscal year 1981, to issue guarantees with respect to the payment of principal and interest on bonds issued by the Suffolk County Sewer Authority, in Suffolk County, New York. Limits the issuance of guarantees to amounts provided in advance by appropriation Acts.