Pennsylvania Avenue Corporation Act of 1994
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jul 20, 1994)
Pennsylvania Avenue Corporation Act of 1994 - Amends the Pennsylvania Avenue Development Act of 1972 to revise congressional findings. Modifies the boundaries of the Pennsylvania Avenue Area.
Replaces the Pennsylvania Avenue Development Corporation (PADC) with a Government corporation within the executive branch to be known as the Pennsylvania Avenue Corporation.
Continues the Pennsylvania Avenue Plan for the area as approved in 1975 and includes estimates of maintenance costs within the plan.
Revises corporate powers and duties and authorizes the Corporation to: (1) borrow money from the Treasury in such amounts as may be authorized in appropriations Acts but not to exceed authorized ceilings (currently, not to exceed $120 million); and (2) conduct development competitions using the Development Policies and Procedures established by PADC for private development of property the Corporation owns or may obtain.
Removes provisions which require the Corporation to make payments in lieu of real property taxes to the District of Columbia.
Transfers all assets, liabilities, and obligations of PADC to the Corporation by October 1, 1997.
Imposes criminal penalties for violations of regulations governing the maintenance or use of the Pennsylvania Avenue Area.
Makes this Act effective for ten years.
Authorizes appropriations.
What just happenedJul 22, 1994
Referred to Subcommittee on Public Lands, National Parks.
Who’s behind it
- Introduced in SenateJul 20, 1994
- Jul 22, 1994Committee
Referred to Subcommittee on Public Lands, National Parks.
National Parks Subcommittee - Jul 20, 1994IntroReferral
Read twice and referred to the Committee on Energy and Natural Resources.
Energy and Natural Resources Committee - Jul 20, 1994IntroReferralB00100
Sponsor introductory remarks on measure. (CR S9322, S9325)
- Jul 20, 1994IntroReferral10000
Introduced in Senate