Public Works Employment Act of 1976

[AI summary unavailable — showing source text] Public Works Employment Act - Amends the Public Works and Economic Development Act of 1965 to authorize the Secretary of Commerce to make additional grants in order to increase to 100 percent the Federal contribution to public works projects under other provisions of law. Authorizes the Secretary to make grants to States, localities, and Indian tribes for construction, renovation, repair, or other improvement of local public works facilities. Stipulates that the Federal share of such projects shall be 100 percent. Establishes priorities for consideration of applications for assistance under such programs. Stipulates that not less than one-half of one percent nor more than 15 percent of all amounts so appropriated shall be available for projects in any one State. Requires that grants be made only to assist those areas with an unemployment rate of 6.5 percent or greater. Authorizes the appropriation of $2,000,000,000 for the period ending September 30, 1977, to carry out such public works employment programs. Imposes the following limitations on appropriations for the purpose of making and guaranteeing loans, purchasing evidences of indebtedness, or paying interest subsidies under th…