Public Works and Economic Development Act Amendments

[AI summary unavailable — showing source text] Public Works and Economic Development Act Amendments - Authorizes appropriations for grants for public works and development facilities through fiscal year 1974 under the Public Works and Economic Development Act. (Amends 42 U.S.C. 3135) States the finding of Congress, under such Act, that substantial outmigration from rural to urban areas is aggravating the economic and social conditions of areas of outmigration as well as central cities. States that national economy policy should anticipate and take into account the dislocation of jobs due to technological change, shifting trade patterns, environmental adjustments, and the continuing need to make geographical adaptation to economic problems. (Amends 42 U.S.C. 3121) Authorizes the Secretary of Commerce to designate as a public works impact area those communities or neighborhoods which he determines have one of the following conditions: (1) a large concentration of low-income persons; (2) rural areas having substantial outmigration; substantial unemployment; and (4) an actual or threatened abrupt rise of unemployment due to the closing or curtailment of a major source of employment. Authorizes the Secretary to make grants, in accor…