[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 2299 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 2299

 To amend the Pennsylvania Avenue Development Corporation Act of 1972, 
 to establish the Pennsylvania Avenue Corporation, to provide for the 
    maintenance and use of the area between the White House and the 
                    Capitol, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 20, 1994

Mr. Johnston (by request) introduced the following bill; which was read 
  twice and referred to the Committee on Energy and Natural Resources

_______________________________________________________________________

                                 A BILL


 
 To amend the Pennsylvania Avenue Development Corporation Act of 1972, 
 to establish the Pennsylvania Avenue Corporation, to provide for the 
    maintenance and use of the area between the White House and the 
                    Capitol, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
    Section 1. Short Title.--This Act may be cited as the 
``Pennsylvania Avenue Corporation Act of 1994''.
    Sec. 2. Pennsylvania Avenue Development Act.--The Pennsylvania 
Avenue Development Act of 1972, as amended (40 U.S.C. 871-885), is 
amended by striking sections 2-14 and substituting the following 
sections in lieu thereof:
    ``Sec. 2. The Congress finds and declares--
            ``(a) that it is in the national interest that the area 
        adjacent to Pennsylvania Avenue between the Capitol and the 
        White House, be maintained and used in a manner suitable to its 
        ceremonial, physical, and historic relationship to the 
        legislative and executive branches of the Federal Government 
        and to the governmental buildings, monuments, memorials, and 
        parks in or adjacent to the area;
            ``(b) that goals and objectives of the Pennsylvania Avenue 
        Plan-1974, as amended (hereinafter referred to as the 
        Pennsylvania Avenue Plan or the Plan), should remain in effect 
        and the development completed thereunder pursuant to the 
        Pennsylvania Avenue Development Corporation Act of 1972 (40 
        U.S.C. 871 et seq.) should be maintained and use of the 
        Pennsylvania Avenue Area as defined in subsection (f) below 
        fostered;
            ``(c) that responsibilities for such maintenance and use 
        can best be carried out by vesting the requisite powers in a 
        Federal corporation that can take maximum advantage of the 
        private as well as the public resources that will be necessary;
            ``(d) that the powers conferred by this Act are for public 
        uses and purposes for which public powers may be employed, 
        public funds may be expended, and the power of eminent domain 
        and the police power may be exercised, and the granting of such 
        powers is necessary in the public interest;
            ``(e) that private funds donated to or solicited by the 
        Corporation are for use in carrying out the purposes of the 
        Act; and
            ``(f) that the area thus to be maintained and used in 
        accordance with the provisions of this Act (hereinafter 
        referred to as the Pennsylvania Avenue Area) shall be the area 
        bounded as follows:
            ``Beginning at a point on the southwest corner of the 
        intersection of Fifteenth Street and Pennsylvania Avenue South 
        (formerly E Street Northwest);
            ``thence proceeding easterly along the southerly side of 
        Pennsylvania Avenue South (formerly E Street) to the southwest 
        corner of the intersection of Fourteenth Street and 
        Pennsylvania Avenue Northwest;
            ``thence southerly along the west side of Fourteenth Street 
        to the northwest corner of the intersection of Fourteenth 
        Street and Constitution Avenue, Northwest;
            ``thence easterly along the north side of Constitution 
        Avenue to the northeast corner of the intersection of Twelfth 
        Street and Constitution Avenue, Northwest;
            ``thence northerly along the east side of Twelfth Street to 
        the southeast corner of the intersection of Twelfth Street and 
        Pennsylvania Avenue, Northwest;
            ``thence southeasterly along the southerly side of 
        Pennsylvania Avenue to a point being the southeast corner of 
        the intersection of Pennsylvania Avenue and Third Street 
        Northwest;
            ``thence northerly along the east side of Third Street to 
        the northeast corner of the intersection of C Street and Third 
        Street Northwest;
            ``thence westerly along the north side of C Street to the 
        northeast corner of the intersection of C Street and Sixth 
        Street Northwest;
            ``thence northerly along the east side of Sixth Street to 
        the northeast corner of the intersection of E Street and Sixth 
        Street Northwest;
            ``thence westerly along the north side of E Street to the 
        northeast corner of the intersection of E Street and Seventh 
        Street Northwest;
            ``thence northerly along the east side of Seventh Street to 
        the northeast corner of the intersection of Seventh Street and 
        F Street Northwest;
            ``thence westerly along the north side of F Street to the 
        northwest corner of the intersection of F Street and Ninth 
        Street Northwest;
            ``thence southerly along the west side of Ninth Street to 
        the northwest corner of the intersection of Ninth Street and E 
        Street Northwest;
            ``thence westerly along the north side of E Street to the 
        northeast corner of the intersection of E Street and Thirteenth 
        Street Northwest;
            ``thence northerly along the east side of Thirteenth Street 
        to the northeast corner of the intersection of F Street and 
        Thirteenth Street Northwest;
            ``thence westerly along the north side of F Street to the 
        northwest corner of the intersection of F Street and Fifteenth 
        Street Northwest;
            ``thence northerly along the west side of Fifteenth Street 
        to the northwest corner of the intersection of Pennsylvania 
        Avenue and Fifteenth Street Northwest;
            ``thence westerly along the southern side of Pennsylvania 
        Avenue to the southeast corner of the intersection of 
        Pennsylvania Avenue and East Executive Avenue Northwest;
            ``thence southerly along the east side of East Executive 
        Avenue to the intersection of South Executive Place and E 
        Street Northwest;
            ``thence easterly along the south side of E Street to the 
        point of beginning being the southwest corner of the 
        intersection of Fifteenth Street and E Street Northwest.
    ``Sec. 3. Pennsylvania Avenue Corporation; Establishment; Board of 
Directors; Term; Chairman; Compensation; Meetings; Advisory Board.--(a) 
There is hereby created a Government corporation in the Executive 
Branch to be known as the Pennsylvania Avenue Corporation (hereinafter 
referred to as the ``Corporation'').
    ``(b) The powers and management of the Corporation shall be vested 
in a Board of Directors consisting of five members:
            ``(1) The Secretary of the Interior.
            ``(2) The Mayor of the District of Columbia.
            ``(3) Three appointed by the President from private life, 
        who shall have knowledge and experience in one or more fields 
        of history, architecture, city planning, retailing, real 
        estate, construction, or government.
    ``(c) Each ex-officio member of the Board of Directors specified in 
paragraph (b) may designate another official to serve on the Board in 
his stead if unable to serve in person.
    ``(d) Each member of the Board of Directors appointed under 
paragraph (b)(3) shall serve for a term of six years from the 
expiration of his predecessor's term; except that (1) any Director 
appointed to fill a vacancy occurring prior to the expiration of the 
term for which his predecessor was appointed shall be appointed for the 
remainder of such term, and (2) the terms of office of the Directors 
first taking office shall begin on the date of the enactment of this 
Act and shall expire as designated at the time of appointment, one at 
the end of two years, one at the end of four years, and one at the end 
of six years. A Director may continue to serve until his successor has 
qualified.
    ``(e) The President shall designate a Chairman and a Vice Chairman 
from among the members of the Board of Directors chosen from private 
life.
    ``(f) Members of the Board of Directors who are officers or 
employees of the Federal or District of Columbia Government shall 
receive no additional compensation by virtue of their membership on the 
Board. Other members of the Board, when engaged in the activities of 
the Corporation, shall be entitled to receive compensation at the daily 
equivalent of the rate for Executive Level IV, and travel expenses, 
including per diem in lieu of subsistence, as authorized by law (5 
U.S.C. 5703(b)-(d) and 5707) for persons in the Government service 
employed intermittently.
    ``(g) Officers and employees of the Corporation are officers and 
employees of the United States.
    ``(h) The Board of Directors shall meet at the call of the 
Chairman, who shall require it to meet not less often than once each 
three months. A majority of the Board of Directors (or their designated 
alternates) shall constitute a quorum.
    ``(i) There shall be a nonvoting Advisory Board consisting of 
representatives of the Department of the Treasury, the General Services 
Administration, the local arts and cultural community and such other 
members as the Board of Directors may appoint. The Advisory Board shall 
meet at least twice annually at the dates and time designated by the 
Board of Directors, to offer such advice and assistance as may be of 
benefit to the Board of Directors. The Chairman of the Board of 
Directors, shall be chairman of the Advisory Board.
    ``Sec. 4. Officers and Employees; Compensation.--(a) The Board of 
Directors shall have the power to appoint and fix the duties of the 
Executive Director and such other officers and employees of the 
Corporation as may be necessary for the efficient administration of the 
Corporation; the rate of pay for the Executive Director shall not 
exceed level IV of the Executive Schedule (5 U.S.C. 5315).
    ``(b) The Board of Directors is authorized to procure the temporary 
(not in excess of one year) or intermittent services of city planners, 
architects, engineers, appraisers, and other experts or consultants or 
organizations thereof in accordance with section 3109 of title 5, 
United States Code (5 U.S.C. 3109), but at rates for individuals not in 
excess of the rate in effect for level IV of the Executive Schedule.
    ``(c) Administrative services shall be provided by the General 
Services Administration on a reimbursable basis.
    ``Sec. 5. Continuity of the Pennsylvania Avenue Plan Substantial 
and Significant Change.--(a) The Pennsylvania Avenue Plan for the 
Pennsylvania Avenue Area approved by Congress in 1975, and as 
subsequently amended, includes (1) the types of uses, both public and 
private, to be permitted; (2) criteria for the design and appearance of 
buildings, facilities, open spaces, and other improvements; (3) an 
estimate of the maintenance costs; (4) an estimate of the current 
values of all properties to be acquired; (5) an estimate of the 
relocation costs which would be incurred in carrying out the provisions 
of section 8 of the Pennsylvania Avenue Development Corporation Act of 
1972 (40 U.S.C. 877); (6) an estimate of the cost of land preparation 
for all properties to be acquired; (7) an estimate of the reuse values 
of the properties to be acquired; (8) a program for the staging of a 
proposed development, including a detailed description of the portion 
of the program to be scheduled for completion by 1976; (9) a 
determination of the marketability of such development; (10) an 
estimate of the development costs, both public and private; (11) a 
thorough study of the economic impact of such development, including 
the impact on the local tax base, the metropolitan area as a whole, and 
the existing business activities within the Pennsylvania Avenue Area; 
and (12) the procedures (including both interim and long-term 
arrangements) to be used in carrying out and insuring continuing 
conformance to the Pennsylvania Avenue Plan. Amendments to the Plan 
reflect changes brought about by economic and other conditions as 
development proceeded during the period prior to this legislation.
    ``(b)(1) Development or maintenance activities carried out within 
the Pennsylvania Avenue Area shall be in accordance with the 
Pennsylvania Avenue Plan.
    ``(2) The Corporation may alter, revise, or amend the Pennsylvania 
Avenue Plan, but any such alteration, revision, or amendment which is a 
substantial change from the Pennsylvania Avenue Plan shall take effect 
only after publication of the proposed substantial change in the 
Federal Register, consideration of comments received, and adoption of a 
resolution of the Board of Directors. For the purposes of this 
subsection, the term `substantial change' shall mean one involving a 
major alteration in the character or intensity of an existing or 
proposed use in the Pennsylvania Avenue Area which in the opinion of 
the Corporation causes an increase or decrease of 10 per centum or more 
of the dollar amount of the estimate prepared in accordance with 
subsection (a)(10) of section 6 or one which, in the opinion of the 
Secretary of the Interior, affects his responsibilities for the 
administration, protection, and development of the areas within the 
Pennsylvania Avenue National Historic Site.
    ``(3) Any alteration, revision, or amendment of the Pennsylvania 
Avenue Plan and any other action taken by the Corporation which is not 
a substantial change in the Pennsylvania Avenue Plan within the meaning 
of paragraph (2) but--
            ``(A) which is a significant change in the Pennsylvania 
        Avenue Plan, or which is another significant action taken by 
        the Corporation, and
            ``(B) which relates to housing, any major structure, 
        historic preservation, parks, office space, or retail uses, 
        within the Pennsylvania Avenue Area,
shall not take effect until thirty days after notice of such change or 
other action has been submitted to the Committee on Interior and 
Insular Affairs of the United States House of Representatives and to 
the Committee on Energy and Natural Resources of the United States 
Senate, unless prior to the expiration of such thirty-day period each 
of such committees notifies the Corporation in writing that the 
committee does not object to such change or other action. Such notice 
by the Corporation to the committees shall include an explanation of 
the reasons why the change or other action is proposed and a summary of 
any recommendations received by the Corporation from the Secretary of 
the Interior, the Mayor of the District of Columbia or from any other 
interested agency, organization, or individual.
    ``(f) To avoid duplication and unnecessary expense the Corporation 
shall, to the maximum feasible extent in conducting its operations, 
utilize the services and facilities of other agencies, such as the 
Department of the Interior, the General Services Administration, and 
the District of Columbia government.
    ``Sec. 6. Corporate Powers and Duties.--In carrying out its powers 
and duties, the Corporation--
            ``(1) shall have all necessary and proper powers for the 
        exercise of the authorities vested in it;
            ``(2) shall have succession in its corporate name;
            ``(3) may adopt and use a corporate seal which shall be 
        judicially noticed;
            ``(4) may sue and be sued in its corporate name, except 
        that the Directors of the Board shall not be personally liable 
        except for gross negligence. All litigation arising out of the 
        activities of the Corporation shall be conducted by the 
        Attorney General;
            ``(5) may adopt, amend, and repeal bylaws, rules, and 
        regulations governing the manner in which its business may be 
        conducted and the powers vested in it may be exercised;
            ``(6) may acquire lands, improvements, and properties 
        within the Pennsylvania Avenue Area by purchase, lease, 
        donation, or exchange; may hold, maintain, use, or operate such 
        properties; may sell, lease, or otherwise dispose of such real 
        and personal property and any interest therein as the 
        Corporation deems necessary to carry out the Pennsylvania 
        Avenue Plan; or may lease, repurchase, or otherwise acquire and 
        hold any property which the Corporation, or its predecessor, 
        the Pennsylvania Avenue Development Corporation (hereinafter 
        referred to as PADC), has theretofore sold, leased, conveyed, 
        transferred, or otherwise disposed of: Provided, That 
        condemnation proceedings for the acquisition of real property 
        (including interests therein), which may be necessary or 
        appropriate in order to carry out the Pennsylvania Avenue Plan, 
        shall be conducted in accordance with the procedural provisions 
        of chapter 13, subchapter IV, of title 16 of the District of 
        Columbia Code and the requirements of the Uniform Relocation 
        Assistance and Real Property Acquisition Policies Act of 1970 
        (94 Stat. 1894) (42 U.S.C. 4601 et seq.);
            ``(7) may enter into and perform such contracts, leases, 
        cooperative agreements, or other transactions with any agency 
        or instrumentality of the United States, the several States, or 
        the District of Columbia or with any person, firm, association, 
        or corporation (including agreements with private utility 
        companies with respect to the relocation of utility lines and 
        other facilities in the Pennsylvania Avenue Area) as may be 
        deemed necessary or appropriate to the conduct of activities 
        authorized under this Act;
            ``(8) may establish (through convenants, regulations, 
        agreements, or otherwise) such restrictions, standards, and 
        requirements as are necessary to assure maintenance and 
        protection of the Pennsylvania Avenue Area in accordance with 
        the Pennsylvania Avenue Plan and such restrictions, standards, 
        and requirements as were established by PADC shall remain in 
        effect unless or until modified or rescinded by the 
        Corporation;
            ``(9) may borrow money from the Treasury of the United 
        States in such amounts as may be authorized in appropriation 
        Acts, but not to exceed existing authorized ceiling amounts. 
        Such borrowings from the Treasury shall have such maturities, 
        terms, and conditions as may be agreed upon by the Corporation 
        and the Secretary of the Treasury, but the maturities may not 
        be in excess of forty years, and such borrowings may be 
        redeemable at the option of the Corporation before maturity. 
        Such borrowings shall bear interest at a rate determined by the 
        Secretary of the Treasury taking into consideration the average 
        market yield on outstanding marketable obligations of the 
        United States of comparable maturities during the month 
        preceding the issuance of the obligations of the Corporation. 
        The interest payments on such obligations may be deferred with 
        the approval of the Secretary of the Treasury but any interest 
        payment so deferred shall bear interest. Said obligations shall 
        be issued in amounts and at prices approved by the Secretary of 
        the Treasury. The authority of the Corporation to issue 
        obligations hereunder shall remain available without fiscal 
        year limitation. The Secretary of the Treasury is authorized 
        and directed to purchase any obligations of the Corporation to 
        be issued under this paragraph and for such purpose the 
        Secretary of the Treasury is authorized to use as a public debt 
        transaction of the United States the proceeds from the sale of 
        any securities issued under the Second Liberty Loan Bond Act, 
        as amended, and the purposes for which securities may be issued 
        under the Second Liberty Loan Bond Act, as amended, are 
        extended to include any purchase of the Corporation's 
        obligations under this paragraph;
            ``(10) may invest any funds held in reserve or sinking 
        funds, or any moneys not required for immediate use or 
        disbursement, with the approval of the Secretary of the 
        Treasury, in obligations of the United States Government;
            ``(11) may procure insurance against any loss in connection 
        with its property and other assets and operations;
            ``(12) may solicit and accept any gifts or grants or 
        property or financial or other aid in any form from the Federal 
        Government or any agency or instrumentality thereof, or from 
        any State or any agency or instrumentality thereof, or from any 
        source, for the purpose of carrying out its duties, and comply, 
        subject to the provisions of this Act, with the terms and 
        conditions thereof. The Corporation shall establish written 
        rules setting forth the criteria to be used in determining 
        whether the acceptance of gifts or grants, property, financial 
        or other aid in any form would reflect unfavorably upon the 
        ability of the Corporation or any employee to carry out its 
        responsibilities or official duties in a fair and objective 
        manner or would compromise the integrity of or the appearance 
        of the integrity of its programs or any official or employee 
        involved in those programs;
            ``(13) may determine the character of and necessity for its 
        obligations and expenditures, and the manner in which they 
        shall be incurred, allowed, and paid, subject to provisions and 
        laws specifically applicable to wholly-owned Government 
        corporations;
            ``(14) may prepare or cause to be prepared plans, 
        specifications, designs, and estimates of cost for the 
        construction, reconstruction, rehabilitation, improvement, 
        alteration, repair, or maintenance of any project, and from 
        time to time may modify such plans, specifications, designs, or 
        estimates;
            ``(15) may acquire, construct, reconstruct, rehabilitate, 
        improve, alter, repair, or maintain or provide for the 
        construction, reconstruction, improvement, alteration, repair, 
        or maintenance of any project;
            ``(16) may grant options to purchase any project or may 
        renew any leases entered into by it (or its predecessor, PADC) 
        in connection with any of its projects, on such terms and 
        conditions as it may deem advisable;
            ``(17) may manage any project, owned or leased by the 
        Corporation, or its predecessor, PADC, and may enter into 
        agreements with the District of Columbia government or any 
        agency or instrumentality thereof, or with any person, firm, 
        partnership, or corporation, either public or private, for the 
        purpose of causing any such project to be managed;
            ``(18) shall request the Council of the District of 
        Columbia, when required for implementation of the Pennsylvania 
        Avenue Plan, to close any street, road, highway, alley, or any 
        part thereof in the Pennsylvania Avenue Area. If the title to 
        the street, road, highway, or alley so closed is in the United 
        States, the Mayor of the District of Columbia shall convey the 
        title to the land on behalf of the United States to the 
        Corporation, without cost, except that the Corporation shall 
        reimburse the District of Columbia for the administrative 
        expenses of the action. If the title to the street, road, 
        highway, or alley so closed is not in the United States, the 
        Mayor shall convey title to the land on behalf of the District 
        of Columbia to the Corporation, without cost, except that the 
        Corporation shall reimburse the District of Columbia for the 
        administrative costs of the action: Provided, That if the land 
        would have reverted to a private abutting property owner under 
        otherwise applicable law of the District of Columbia, the 
        Corporation shall pay such owner the fair market value of the 
        land that would have reverted to him;
            ``(19) may transfer title to, interests in, or jurisdiction 
        over real property which the Corporation has acquired or which 
        has been acquired by PADC and is to be devoted to public uses 
        to any agency of the United States or the District of Columbia. 
        Agencies of the United States or the District of Columbia may 
        accept such transfers under this paragraph, and shall 
        thereafter administer and maintain the property in accordance 
        with the Pennsylvania Avenue Plan and the terms of any transfer 
        agreement;
            ``(20) may utilize or employ the services of personnel of 
        any agency or instrumentality of the Federal Government or of 
        the District of Columbia, with the consent of the agency or 
        instrumentality concerned, upon a reimbursable basis, or 
        utilize voluntary or uncompensated personnel;
            ``(21) shall publish and disseminate information about the 
        Pennsylvania Avenue Area and the activities and programs of the 
        Corporation;
            ``(22) may execute all instruments necessary or appropriate 
        in the exercise of any of its functions under this Act, and may 
        delegate to members of the Board of Directors or the Executive 
        Director such of its powers and responsibilities as it deems 
        appropriate and useful for the administration of the 
        Corporation;
            ``(23) shall be entitled to the use of the United States 
        mails in the same manner as the executive departments of the 
        Government, and shall have all the rights, privileges, and 
        immunities of the United States with respect to debts due from 
        insolvent, deceased, or bankrupt debtors; and
            ``(24) may conduct development competitions using the 
        Development Policies and Procedures established by PADC for 
        private development of property the Corporation owns or may 
        obtain.
    ``Sec. 7. Powers of Other Federal and Local Agencies in the 
Pennsylvania Avenue Area; Certification of New Construction.--(a) 
Nothing in this Act shall preclude other agencies or instrumentalities 
of the Federal Government or of the District of Columbia from 
exercising any lawful powers in the Pennsylvania Avenue Area consistent 
with the Pennsylvania Avenue Plan or the provisions and purposes of 
this Act; but no such agency or instrumentality shall release, modify, 
or depart from any feature or detail of the Pennsylvania Avenue Plan 
without the prior approval of the Corporation.
    ``(b) As provided in the Act to amend the Act of October 27, 1972 
(86 Stat. 1266; enacted Oct. 1, 1974), no new construction (including 
substantial remodeling, conversion, rebuilding, enlargement, extension, 
or major structural improvement of any existing building, but not 
including ordinary maintenance or remodeling or changes necessary to 
continue occupancy) shall be authorized or conducted within the 
Pennsylvania Avenue Area except upon prior certification by the 
Corporation that the construction is, or may reasonably be expected to 
be, consistent with the carrying out of the Pennsylvania Avenue Plan.
    ``Sec. 8. Corporation as Grantee of Property and Party to 
Proceedings.--The title to any real property (or interest therein) 
acquired under the authority of this Act shall be taken by and in the 
name of the Corporation and proceedings for condemnation or other 
acquisition of property shall be brought by and in the name of the 
Corporation.
    ``Sec. 9. Compliance with District Laws, Ordinances.--(a) The 
Corporation shall comply with all District of Columbia laws, 
ordinances, codes, and regulations in constructing, reconstructing, 
rehabilitating, altering, and improving any project: Provided, That the 
provisions of section 428 of title 5 of the District of Columbia Code 
shall apply to all the constructing, reconstructing, rehabilitating, 
altering, and improving of all buildings by the Corporation. The 
construction, reconstruction, rehabilitation, alteration, and 
improvement of any project by non-Government sources shall be subject 
to the provisions of the District of Columbia Code and zoning 
regulations.
    ``(b) For purposes of any District of Columbia law (including laws 
relating to taxation and building permits and inspections) the 
Corporation with respect to any project it may construct, rehabilitate, 
alter, or improve, shall be treated as the General Services 
Administration is treated with respect to acquisition and construction 
of a Federal building.
    ``Sec. 10. Tax Exemption.--Since the exercise of the powers granted 
by this Act will be in all respects for the benefit of the people, the 
Corporation is hereby declared to be devoted to an essential public and 
governmental function and purpose and shall be exempt from all taxes 
and special assessments of every kind of the United States and of the 
District of Columbia.
    ``Sec. 11. Annual Report to President and Congress.--The 
Corporation shall transmit to the President and the Congress, annually 
each March and at such other times as it deems desirable, a 
comprehensive and detailed report of its operations, activities, and 
accomplishments under this Act.
    ``Sec. 12. Assets and Funds for Conduct of Business.--(a) Not later 
than October 1, 1997, all assets, liabilities, and obligations of PADC, 
including title to any personal and real property owned by PADC, shall 
be transferred to and become the assets, liabilities, obligations, and 
property of the Corporation.
    ``(b) The Corporation is authorized to use in the conduct of its 
business all its funds and other assets and all funds and other assets 
which have been or may hereafter be transferred to, allocated to, 
borrowed by, or otherwise acquired by it.
    ``Sec. 13. Violations and Penalties.--(a) All general penal 
statutes relating to the larceny, embezzlement, or conversion of public 
moneys or property of the United States shall apply to moneys and 
property of the Corporation.
    ``(b) Any person who, with intent to defraud the Corporation, or to 
deceive any director, officer, or employee of the Corporation or any 
officer or employee of the United States, (1) makes any false entry in 
any book of the Corporation, or (2) makes any false report or statement 
for the Corporation, shall, upon conviction thereof, be fined not more 
than $10,000 or imprisoned not more than five years, or both.
    ``(c) Any person who with intent to defraud the Corporation (1) 
receives any compensation, rebate, or reward, or (2) enters into any 
conspiracy, collusion, or agreement, express or implied, shall, on 
conviction thereof, be fined not more than $5,000 or imprisoned not 
more than five years, or both.
    ``(d) Any person who violates any regulation promulgated hereunder 
governing the maintenance or use of the Pennsylvania Avenue Area shall 
be deemed guilty of a misdemeanor and punishable by a fine of not more 
than $300 or by imprisonment for not more than three months, or by such 
fine and imprisonment. Such regulations shall be enforecable by the 
District of Columbia Police Department and the United States Park 
Police.
    ``Sec. 14. Separability of Provisions.--If any provisions of this 
Act or the application thereof to any body, agency, situation, or 
circumstances is held invalid the remainder of the Act and the 
application of such provision to other bodies, agencies, situations, or 
circumstances shall not be affected thereby.
    ``Sec. 15. The Government Corporation Control Act (31 U.S.C. 
9101(3)(H)) is amended by striking `Pennsylvania Avenue Development 
Corporation' and substituting `Pennsylvania Avenue Corporation' in lieu 
thereof.
    ``Sec. 16. This Act shall be effective for a term of ten years 
unless otherwise extended by Congress.
    ``Sec. 17. Authorization of Appropriations.--There are hereby 
authorized to be appropriated to the Corporation such sums as may be 
necessary to carry out the purposes of this Act.''.
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