A bill to rescind certain budget authority as recommended in the message of the President of October 4, 1974 (H. Doc. 93-365), transmitted pursuant to section 1012 of the impoundment Control Act of 1974.

[AI summary unavailable — showing source text] Decreases from $160,000,000 to $75,000,000 the providing authority for the Agricultural Conservation Program (REAP) in the Agriculture-Environmental and Consumer Protection Appropriation Act, 1974. Reduces by the uncommitted balances of authorizations the limitation to the total payments required by all contracts entered into under title IV (Housing for Education Institutions) of the Housing Act of 1950. States that contract authority provided for the fiscal year 1973 under forest development of roads and trails provisions of the Federal-Aid Highway Act of 1970 is rescinded in the amount of $63,533,000. Rescinds additional amounts under such Act for public lands development of roads and trails and for park roads and trails.…