Arid Lands Renewable Resources Corporation Act of 1981

[AI summary unavailable — showing source text] Arid Lands Renewable Resources Corporation Act of 1981 - Title I: General Provisions - Declares the purpose of this Act to be to encourage private investment in developing domestic oil and rubber producing plants. Title II: Establishment of Corporation - Creates the Arid Lands Renewable Resources Corporation. Vests the Corporation's powers in a Board of Directors. Provides for the appointment of an Inspector General and an Advisory Committee to the Board of Directors. Title III: Production Goal of the Corporation - Requires the Board to develop and submit a comprehensive strategy plan to the Congress within one year of enactment of this Act. Sets forth procedures for: (1) congressional approval of such plan by joint resolution; (2) disapproval of a Corporation action by either House; and (3) congressional approval of an amendment to the plan by concurrent resolution. Directs the Corporation to periodically solicit arid lands resources proposals. Title IV: Financial Assistance - Authorizes the Corporation to provide financial assistance through price guarantees, loans, and joint ventures. Title V: Corporation Construction Projects - Authorizes the Corporation to own arid lands resou…