Federal Municipal Bond Guarantee Administrative Act

[AI summary unavailable — showing source text] Federal Municipal Bond Guarantee Administration Act - Sets forth Congressional findings and purposes, and defines the terms used in this Act. Establishes a Federal Municipal Bond Guarantee Administration. Makes it the duty of the Administration to guarantee bonds issued by municipalities which are found by the Administration to be fiscally responsible, and which apply for guarantees for specific bond issues. Sets forth eligibility requirements for municipalities applying for guarantees under this Act. Establishes in the Treasury of the United States a Municipal Bond Guarantee Fund to carry out the provisions of this Act. Authorizes to be appropriated such sums as may be necessary to carry out this Act for fiscal year 1976.…