Public Works and Economic Development Act Amendments of 1992

[AI summary unavailable — showing source text] Title I: National Development Investment - Public Works and Economic Development Act Amendments of 1992 - Amends the Public Works and Economic Development Act of 1965 to authorize the Secretary of Commerce to make grants to eligible States, local governments, economic development districts or organizations, or Indian tribes for: (1) construction and repair of public facilities; (2) establishment of revolving loan funds to promote small business; (3) establishment of employee stock ownership plans; and (4) provision of technical assistance for improving and enhancing economic development. Outlines eligibility requirements. Requires an application for a grant under this Act to include: (1) a certification that the area concerned meets certain distress requirements; (2) a certification of any responsibilities which the Secretary has agreed to perform; and (3) a development investment strategy prepared in accordance with this Act. Requires the Secretary to consider specified purposes of this Act in approving applications. Lists as criteria any one of which an area must meet in order to be eligible for a grant under this Act: (1) a per capita income of 80 percent or less of the national…