National Science and Technology Corporation Act

[AI summary unavailable — showing source text] National Science and Technology Corporation Act - Title I: Structure and Financing of Corporation - Creates the National Science and Technology Corporation to guarantee and make loans to promote and advance basic and applied research and development in scientific and technological areas determined to be of critical national concern, and to provide assistance for the commercialization and adaptation of federally developed technologies. Sets forth the composition of the Board of Directors, the procedures for appointment and compensation of officers and employees, and regulations regarding conflict of interest. Sets forth the powers of the Corporation including the power to guarantee and to make loans for certain projects. Directs the Secretary of the Treasury, upon request of the Board, to purchase stock of the Corporation up to a total of $1,000,000,000. Exempts the Corporation from certain Federal, State, and local taxes. Gives the district courts of the United States jurisdiction over all suits by and against the Corporation. Title II: Procedures for Issuance and Review of Guaranties and Loans - Sets forth the conditions and priorities for the issuance of guaranties and loans by t…