New Orleans Jazz National Historical Park Act of 1994

Authorizes the Secretary of the Interior to utilize the resources of the Presidio in California to provide for and support programs and activities that foster research, education or demonstration projects and relate to the environment, energy, transportation, international affairs, arts and cultural understanding, health, and science.

Authorizes the Secretary to: (1) negotiate and enter into leases with any person, firm, association, organization, corporation, or governmental entity for the use of any property within the Presidio; (2) negotiate and enter into leases or other appropriate agreements with any Federal agency to house employees of the agency engaged in activities or programs at the Presidio; and (3) enter into interagency permitting agreements or other appropriate agreements with the Secretary of Defense and the Director of the Federal Emergency Management Agency, and leases with the American Red Cross, to house their activities and employees at the Presidio.

Subjects such leases or other appropriate agreements to such procedures, terms, conditions, and restrictions as the Secretary deems necessary.

Allows the Secretary to retain the proceeds from leases under this Act and from concession and other use authorizations and services that may be provided by the Golden Gate National Recreation Area for five years after the enactment of this Act or until the leased property is transferred to the Presidio Trust (established by this Act) to be available without further appropriation to offset the costs of preservation, restoration, maintenance, improvement, repair, and related expenses (including administration of the Area) incurred by the Secretary with respect to Presidio properties, with the balance used to offset other costs incurred by the Secretary with respect to Presidio properties, with the balance used to offset other costs incurred by the Secretary in the administration of the Presidio. Authorizes the Secretary to enter into cooperative agreements and permits for any of the purposes of the Area.

Establishes within the Department of the Interior the Presidio Trust Corporation to manage the leasing, maintenance, rehabilitation, repair, and improvement of the following properties within the Presidio in California leaseholds to which shall be transferred under this Act to the Trust Corporation by by the Secretary of the Interior: (1) the Letterman-LAIR complex; (2) Fort Scott; (3) Main Post; (4) Cavalry Stables; (5) Presidio Hill; (6) Wherry Housing; (7) East Housing; (8) the structures at Crissy Field; and (9) such other properties within the Presidio as the Secretary and the Trust deem determines appropriate.

Requires the Trust Corporation to: (1) establish competitive bidding procedures for issuance of leases and contracts under this Act; (2) maintain liaison with the Golden Gate National Recreation Area Advisory Commission in matters relating to the General Management Plan for the Area; and (3) meet with the Commission at least annually.

Prohibits the Trust Corporation from borrowing funds (directly or indirectly) from any source other than the Secretary of the Treasury to whom the Trust may issue obligations.

Reverts all interests and assets of the Trust Corporation to the United States in the event the Trust Corporation fails or defaults.

Authorizes appropriations.