Amends the Declaration of Taking Act to establish an interest rate formula (replacing the fixed six-percent interest) to be applied to amounts awarded in condemnation proceedings under a declaration of taking to acquire real estate for the erection of public buildings or other public uses. Bases the formula on Treasury bill yield rates.
Requires certain bankruptcy trustees to pay health and life insurance benefits of retired former employees until May 15, 1987.
Amends the joint resolution which authorizes the Black Revoluntionary War Patriots Foundation to build a memorial to black participants in the American Revolution to require that such memorial be established in accordance with a specified Act approved by the House of Representatives on September 29, 1986.