II 111th CONGRESS 2d Session S. 3030 IN THE SENATE OF THE UNITED STATES February 24, 2010 Mrs. Gillibrand introduced the following bill; which was read twice and referred to the Committee on Environment and Public Works 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). .