Energy Conservation Research and Development Act

[AI summary unavailable — showing source text] Energy Conservation Research and Development Act - Establishes the Energy Conservation Research and Development Corporation, having a Board of five Directors, of whom one shall be elected annually by the Board to serve as Chairman. Provides for the appointment, terms of office, and rates of compensation of such Board members. States that it shall be the function of the Corporation, from moneys available to it in the fund established by this Act, to conduct research and development in, and contract with any State or political subdivision, Federal agency, or private corporation for the conduct of research and development in, areas which offer substantial potential for the conservation of energy resources, including: (1) improvement in materials for, and design of, buildings to conserve energy resources; (2) urban area design; (3) improvement of transportation vehicles, with emphasis on small cars and alternatives to the internal combustion engine; (4) improvement in design of transportation systems; and (5) improvement in the energy-utilization efficiency of industrial processes. Provides that, in utilizing the results of such research and development, the Corporation shall have auth…