Summary: S.2080 — 96th Congress (1979-1980)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Passed House amended (08/25/1980)

(Measure passed House, amended, in lieu fo H.R. 6075)

Amends the Public Buildings Act of 1959 to authorize the Administrator of General Services to issue obligations for purchase by the Secretary of the Treasury, to the extent authorized in appropriation Acts, for financing the acquisition or construction of any public buildings. Directs that the average market yield on outstanding marketable U.S. obligations be taken into consideration in determining the interest for such obligations. Requires approval by the appropriate congressional committees of such acquisition or construction. Makes this Act effective October 1, 1980.