Energy Development and Management Authority Act

[AI summary unavailable — showing source text] Energy Development and Management Authority Act - Declares it to be the policy of the Congress that resources of oil shale and coal on public lands be developed promptly by both Government and private interests, and that facilities to make liquid and gaseous fuels from oil shale and coal be subsidized through Federal appropriations. Establishes a Government corporation to be known as the Energy Development and Management Authority which shall administer a national program for the exploration, development, and conservation of energy mineral deposits. Provides that such corporation shall be directed by a Board of Directors and sets forth the duties and powers of such Board and the Corporation. Authorizes the Corporation, with the approval of the Secretary of the Treasury, to issue bonds not to exceed in the aggregate $50,000,000,000 outstanding at any one time and sets forth requirements as to amount, terms, and conditions of such bonds. Exempts such bonds from all Federal, State, and local taxation, except estate, inheritance, and gift taxes. Authorizes the Corporation to acquire by condemnation any lands, easements, or rights-of-way which it determines are necessary to carry out th…