I 111th CONGRESS 1st Session H. R. 4294 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.

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). .