A bill to amend the Public Works and Economic Development Act of 1965, as amended.

[AI summary unavailable — showing source text] Amends the Public Works and Economic Development Act of 1965 to extend the authorization of appropriations through FY 1983 for: (1) direct and supplementary grants for public works and development facilities; (2) development facility loans and loan guarantees; (3) the Economic Development Revolving Fund; (4) technical assistance, research and information (earmarking a specified amount of such funds for grants to States in FY 1983); and (5) special economic development and adjustment assistance. Declares that assistance under such Act shall be provided only in redevelopment areas which: (1) the Secretary of Commerce identifies as most clearly entitled to eligibilty under the criteria set forth in this Act; (2) contain no more than 45 percent of the population of the United States; and (3) meet one of the eligibility criteria. Sets forth such eligibility criteria.…