An act to establish a National Council on Public Works Improvement to prepare three annual reports on the state of the Nation's infrastructure, to amend the provisions of title 31, United States Code, relating to the President's budget to require it to separately identify and summarize the capital investment expenditures of the United States, and for other purposes.

(Conference report filed in House, H. Rept. 98-1134) Title I: National Council on Public Works Improvement - Public Works Improvement Act of 1984 - Establishes the National Council on Public Works Improvement. Requires such Council, not later than February 15th of each year of 1986 - 1988, to report to the President and Congress on the state of the Nation's infrastructure (the Infrastructure Report). Requires each Infrastructure Report to include: (1) the age and condition of public works improvements and changes in their condition from preceding years; (2) the methods used to finance the construction, acquisition, rehabilitation, and maintenance of public works improvements; (3) any trends in methods used to finance such construction, acquisition, rehabilitation, and maintenance; (4) the capacity of public works improvements to sustain current and anticipated economic development and to support a sustained and expanding economy; (5) maintenance needs and projected expenditures for public works improvements; (6) a discussion of infrastructure program priorities; and (7) an analysis of public works improvements to be given to government agencies, public agencies, or units of State or local government. Requires the Council to make certain analyses and recommendations to the President and Congress by September 30, 1985. Requires the Council to convene for its first meeting no earlier than February 15 and no later than April 15 of 1985. Requires each Infrastructure Report submitted to Congress to be referred to the appropriate congressional committees. Establishes an advisory group to provide such assistance and advice as the Council may request. Requires the Congressional Budget Office to review each Infrastructure Report and report the results of such review to the appropriate congressional committees within 90 days after each such report is submitted to Congress. Directs the Council to terminate on April 15, 1988. Authorizes appropriations to the Council for FY 1986 through 1988. Title II: Federal Capital Investment Program - Federal Capital Investment Program Information Act of 1984 - Amends the Budget and Accounting Act, 1921, to require the President to include with each budget submitted on or after January 1, 1985, four summaries identifying requested appropriations or new obligation authority and outlays for each major program that may be classified as either a public civilian capital investment program or a military capital investment program. Requires such summaries to: (1) estimate current service levels of public civilian capital investments and of military capital investments and alternative high and low levels of such investments over a period of ten years in current dollars and over a period of five years in constant dollars; (2) contain the most recent assessment analysis and summary of public civilian capital investment needs in each major program area over a period of ten years; (3) identify and analyze the principal policy issues that affect estimated public civilian capital investment needs for each major program; and (4) identify and analyze factors that affect estimated public civilian capital investment needs for each major program. Declares that any appropriation, new obligational authority, or outlay shall be classified as: (1) a public civilian capital investment to the extent that such appropriation, authority, or outlay will be used for the construction, acquisition, or rehabilitation of any physical asset that is capable of being used to produce services or other benefits for a number of years; or (2) a military capital investment to the extent that such appropriation, authority, or outlay will be used for the construction, acquisition, or rehabilitation of any physical asset that is capable of being used to produce services or other benefits for purposes of national defense and security for a number of years. Includes among public capital investments roadways or bridges, airports or airway facilities, mass transportation systems, wastewater treatment or related facilities, water resource projects, hospitals, resource recovery facilities, public buildings, space or communications facilities, railroads, and federally assisted housing.

(Measure passed House, amended, in lieu of H.R. 1244) Federal Capital Investment Program Information Act of 1984 - Amends the Budget and Accounting Act, 1921, to require the President to include with each budget submitted beginning January, 1985, four summaries identifying requested appropriations or new obligation authority and outlays for each major program that may be classified as either a public civilian capital investment program or a military capital investment program. Requires such summaries to: (1) estimate current service levels of public civilian capital investments and of military capital investments and alternative high and low levels of such investments over a period of ten years in current dollars and over a period of five years in constant dollars; (2) contain the most recent assessment analysis and summary of public civilian capital investment needs in each major program area over a period of ten years; (3) identify and analyze the principal policy issues that affect estimated public civilian capital investment needs for each major program; and (4) identify and analyze factors that affect estimated public civilian capital investment needs for each major program. Declares that any appropriation, new obligational authority, or outlay shall be classified as a: (1) public civilian capital investment to the extent that such appropriation, authority, or outlay will be used for the construction, acquisition, or rehabilitation of any physical asset that is capable of being used to produce services or other benefits for a number of years; or (2) military capital investment to the extent that such appropriation, authority, or outlay will be used for the construction, acquisition, or rehabilitation of any physical asset that is capable of being used to produce services or other benefits for purposes of national defense and security for a number of years. Includes among public capital investments roadways or bridges, airports or airway facilities, mass transportation systems, wastewater treatment or related facilities, water resource projects, hospitals, resource recovery facilities, public buildings, space or communications facilities, and railroads.

(Measure passed Senate, amended) Public Works Improvement Act of 1984 - Title I: National Council - Establishes a National Council on Public Works Improvement to be chaired by the Secretary of the Army. Provides various organizational rules for the Council. Directs the Secretary, acting through the Chief of Engineers, to assign a staff director to the Council and to provide various support services to the Council and its staff. Requires that the first meeting of the Council shall be held within 60 days of enactment of this Act. Authorizes the Council to hold hearings, enter into contracts, make expenditures, and take any such action that the Council deems advisable. Directs the Secretary to transfer to the Council up to $500,000 in FY 1984. Authorizes appropriations for FY 1985 and 1986. Directs the Council, on or before September 30, 1985, to submit to the Congress and the President a report containing an analysis of existing public works improvements. Requires such report to contain information on: (1) the age and condition of the facilities; (2) the means used to finance the improvements; (3) trends in public expenditures and other means of financing facilities, including use fees; and (4) the capacity of public works improvements to sustain current and anticipated economic development. Directs the Council, on or before September 30, 1985, to develop and publish criteria and information on techniques for establishing inventories of existing and future public works investments, to be distributed to Federal agencies, the States, and units of local government. Directs the Council, on or before September 30, 1986, to recommend specific revisions in Federal laws and policies necessary to reverse the pattern of disinvestment in public works improvements. States that such recommendations should include: (1) changes in the imposition or allocation of excise taxes, use fees, other sources of public revenue, and borrowing authorities; (2) statutory or regulatory revisions; (3) changes to increase the flexibility and cost-effectiveness of existing public works improvements programs; (4) new block grant programs; and (5) Federal assistance for research into public works improvements programs. Title II: Identification of Capital Investments - Amends Federal law to require the President to submit with materials related to each budget an analysis for the ensuing fiscal year that identifies requested appropriations for each public capital investment program and that contains summaries of the total amount of such appropriations. Identifies further information to be included in such analyses.

(Reported to Senate from the Committee on Environment and Public Works with amendment, S. Rept. 98-341) Public Works Improvement Act of 1983 - Title I: National Council - Establishes a National Council on Public Works Improvement to be chaired by the Secretary of the Army. Provides various organizational rules for the Council. Directs the Secretary, acting through the Chief of Engineers, to assign a staff director to the Council and to provide various support services to the Council and its staff. Requires that the first meeting of the Council shall be held within 60 days of enactment of this Act. Authorizes the Council to hold hearings, enter into contracts, make expenditures, and take any such action that the Council deems advisable. Directs the Secretary to transfer to the Council up to $500,000 in FY 1984. Authorizes appropriations for FY 1985 and 1986. Directs the Council, on or before September 30, 1985, to submit to the Congress and the President a report containing an analysis of existing public works improvements. Requires such report to contain information on: (1) the age and condition of the facilities; (2) the means used to finance the improvements; (3) trends in public expenditures and other means of financing facilities, including use fees; and (4) the capacity of public works improvements to sustain current and anticipated economic development. Directs the Council, on or before September 30, 1985, to develop and publish criteria and information on techniques for establishing inventories of existing and future public works investments, to be distributed to Federal agencies, the States, and units of local government. Directs the Council, on or before September 30, 1986, to recommend specific revisions in Federal laws and policies necessary to reverse the pattern of disinvestment in public works improvements. States that such recommendations should include: (1) changes in the imposition or allocation of excise taxes, use fees, other sources of public revenue, and borrowing authorities; (2) statutory or regulatory revisions; (3) changes to increase the flexibility and cost-effectiveness of existing public works improvements programs; (4) new block grant programs; and (5) Federal assistance for research into public works improvements programs. Title II: Identification of Capital Investments - Amends Federal law to require the President to submit with materials related to each budget an analysis for the ensuing fiscal year that shall identify requested appropriations for each public capital investment program and that shall contain summaries of the total amount of such appropriations. Identifies further information to be included in such analyses.

Public Capital Investment Act of 1983 - Title I: Public Capital Investment - Authorizes the Secretary of the Army, acting through the Chief of Engineers, to make grants to any State for the purpose of the construction or rehabilitation of public capital investment projects. Authorizes any State to submit to the Secretary an application for a public investment grant under this Act. Sets forth the requirements for such applications. Requires the Secretary to approve such an application upon finding that the State has met the necessary requirements. Provides that such a State shall receive annual grants under this Act, provided that the Secretary does not find that such State has failed to maintain its program substantially as originally proposed. Requires the Secretary to withdraw approval of the grant where the Secretary finds that a State is failing to maintain its original program. Authorizes the use of grant funds by a State for use as loans to local governments for the purpose of public capital investment. Authorizes the use of grant funds by two or more States for the construction and rehabilitation of public capital investments of a regional character. Sets forth the method for allocating funds under this Act to the individual States. Specifies the procedures for the return of grant funds if either an application is not received or an application is not approved. Requires Federal agencies to expeditiously review and act on any permit necessary for the repair or rehabilitation of any public capital investment undertaken by a non-Federal public body. Requires the Secretary to develop and publish criteria and information on techniques for establishing inventories of existing and needed capital improvements. Requires the Secretary to allocate a specified amount to support research and development activities to augment the cost-effectiveness of national public capital investments. Requires the Secretary to report annually to Congress concerning the disbursement of funds under this title and the use of those funds by participating States. Amends the Clean Water Act to authorize States to use certain funds allotted to them for revolving loans or grants for the construction of waste water treatment works. Requires repayments of such loans to be paid to the States. Authorizes appropriations for this title for FY 1985 through 1994. Declares that the authorities for this title shall terminate on October 1, 1994. Title II: Standby Public Investment - Authorizes the Secretary of the Army, acting through the Chief of Engineers, to provide technical and planning assistance to States, local government, and Indian tribes for the development of long-range plans and programs for the construction, rehabilitation, and repair of public capital investment projects. Authorizes such entities to submit an application for a grant and to receive assistance upon a satisfactory showing of the deterioration of its public capital investment. Requires such grants to be used to develop an investment plan coordinating future investment with economic development and the creation of jobs (as well as the activities under title I of this Act). Authorizes appropriations to the Secretary to carry out such grants for FY 1984 through 1988. Establishes in the Treasury a Counter-Cyclical Trust Fund, with a balance not to exceed $2,000,000,000. Authorizes appropriations for immediate transfer to the Fund. Requires the Secretary to use Fund moneys to fulfill the purposes of this title. Authorizes the Secretary to make grants for the repair, rehabilitation, or construction of public capital investments upon the application of any State, local government, or Indian tribe. Prohibits any such grants from exceeding 75 percent of the cost of projects under this section. Lists eligible public investment projects under this title. Requires eligible projects to be contained in a State developed investment plan and to have designs, specifications, and engineering acceptable to the Secretary. States eligibility requirements for such projects, including certain economic and unemployment problems. Authorizes the Secretary to accept applications for such projects upon a determination that the Index of Total Industrial Production has declined for three consecutive months. Makes funds available under this title when the Secretary makes a certain determination concerning high civilian unemployment. Title III: General Provisions - Sets forth certain definitions. Lists the authorized powers of the Secretary of the Army, acting through the Chief of Engineers, in carrying out titles I and II of this Act. Requires the Secretary to make a comprehensive annual report to Congress of the operations under this Act. Requires recipients of grants under such titles to keep certain records and to transmit biannual reports to the Secretary. Requires that the Secretary and Comptroller General have access to all books and records of any recipient, subrecipient, contractor, or subcontractor that are pertinent to assistance under such titles.