National Technology Development Corporation Act

[AI summary unavailable — showing source text] National Technology Development Corporation Act - Declares the findings of Congress that Federal support of technological research is ineffective and that such research should be encouraged to solve the Nation's multifarious housing, transportation, and environmental, and other technologically oriented problems. Declares it the purpose of this Act to consolidate Federal Government efforts to stimulate technological research, to speed conversion of outdated facilities to meet current needs, and to aid the economy. Title I: National Technology Development Corporation; Definitions - Establishes the National Technology Development Corporation as a permanent corporate instrumentality of the United States. Establishes a Board of Directors to manage the Corporation. Establishes a Technical Advisory Panel of 15 persons to determine categories of technological research and development within which applications for assistance by the Corporation will be considered. Gives either House of Congress the power to eliminate categories or add to the categories selected by the Panel. Authorizes the Corporation to make loans to any applicant to carry out the purposes of this Act if the program has a r…