National Public Works Corporation Act

[AI summary unavailable — showing source text] National Public Works Corporation Act - Amends title II of the Public Works and Economic Development Act of 1965 to name such title "Public Works Corporation". Establishes the National Public Works Corporation. Provides for the Board of Directors and the officers and employees of such Corporation. States the powers of such Corporation. Requires the principal office of the Corporation to be in the District of Columbia. Provides for the borrowing authority, capitalization and reserve fund of the Corporation. Authorizes appropriations for the capitalization of the Corporation for the fiscal years following September 30, 1983. Authorizes States electing to participate in the Corporation to make certain contributions to the Corporation. States the maximum amount of contributions any one State may make to the Corporation. Authorizes the Corporation to make loans to participating States and to units of local governments within participating States for projects for the construction, rehabilitation, and repair of public facilities in accordance with this Act. Prohibits such loan from being used for payment of the non-Federal share of the cost of Federal projects. States the maximum amount o…