Fiscal Assistance Amendments

[AI summary unavailable — showing source text] Fiscal Assistance Amendments - Allows the use of funds paid to State and local governments under the State and Local Fiscal Assistance Act of 1972 for nonpriority expenditures and for projects for which the Federal Government will provide additional matching funds. Extends the Act to September 30, 1980. Authorizes appropriations to the National Trust Fund under such Act as follows: (1) for the period January 1, 1977, through September 30, 1977, $4,987,500,000; (2) for fiscal years 1978, 1979, and 1980, $6,650,000,000 per year; (3) for noncontiguous States adjustments payments for the period January 1, 1977 through September 30, 1977, $3,585,000; and (4) for such adjustments payments for fiscal years 1978, 1979, and 1980, $4,780,000 per year. Requires that a local governmental unit provide specified services for its citizens before it can qualify to receive revenue sharing payments as a "unit of local government" under the Act. Requires that each governmental unit receiving revenue sharing payments report to the Secretary of the Treasury with respect to how it proposes to use such payments to be received in the coming year and how it used such payments received in the preceding year…