Former Presidents Austerity Act of 1986

[AI summary unavailable — showing source text] Former Presidents Austerity Act of 1986 - Title I: Presidential Libraries - Directs the Archivist of the United States, in consultation with the Administrator of General Services and the Commissioner of the Public Buildings Service, to promulgate architectural and design standards for presidential archival depositories. Authorizes the Archivist to accept, as private gifts or pursuant to agreements with State or local governments, institutes, or foundations, only such land, buildings, and equipment as are necessary to establish one depository in one building of a specified size for each President or former President, provided that an endowment has been established which will provide sufficient income, combined with admission fees, to cover all administrative and operational costs of such depository. Requires the Archivist to submit a prospectus for each proposed depository and change thereto to specified congressional committees. Prohibits the Archivist from accepting a gift or entering into an agreement to establish a depository if the land, buildings, and equipment do not meet the architectural and design standards. Prohibits any change or addition to a depository that would resul…