A bill to amend the Public Works Acceleration Act to make its benefits available to certain areas of extra high unemployment, to authorize additional funds for such act.

[AI summary unavailable — showing source text] Declares as a Congressional finding that certain communities and areas in the Nation are presently burdened by substantial unemployment and underemployment resulting from the economic decline of 1972. Revises the definition of "eligible areas" under the Public Works Acceleration Act to include: (1) those areas designated by the Secretary of Commerce as "redevelopment areas" for the purpose of the Public Works and Economic Development Act of 1965 in which the Secretary of Labor finds that the annual average rate of unemployment has been at least 150 percent above the national average for one of the two preceding calendar years; (2) those standard metropolitan statistical areas in which the Secretary of Labor finds that, for at least three consecutive months of the calendar year in which such findings are made, the average rate of unemployment has been at least 150 percent above the national average for the preceding calendar year; and (3) such other areas designated by the Secretary of Labor in accordance with criteria which he shall prescribe, in which the Secretary determines from available data and in his judgment that for at least three consecutive months of the calendar year in…