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16 U.S.C. § 460lll — Tennessee Valley Authority transfer funding
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The funding described in this section is funding derived from only 1 or more of the following sources:
(1) Nonpower fund balances and collections.
(2) Investment returns of the nonpower program.
(3) Applied programmatic savings in the power and nonpower programs.
(4) Savings from the suspension of bonuses and awards.
(5) Savings from reductions in memberships and contributions.
(6) Increases in collections resulting from nonpower activities, including user fees.
(7) Increases in charges to private and public utilities both investor and cooperatively owned, as well as to direct load customers.
**(b) Availability** Funds from the sources described in subsection (a) shall be available notwithstanding section 11, 14, 15, or 29 [[16 U.S.C. 831j](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section831j&num=0&edition=prelim), 831m, 831n, 831bb] or any other provision of the Tennessee Valley Authority Act of 1933 ([16 U.S.C. 831](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section831&num=0&edition=prelim) et seq.) or any provisions of the covenants contained in any power bonds issued by the Tennessee Valley Authority.
**(c) Sufficiency of savings** The savings from and the revenue adjustment to the budget of the Tennessee Valley Authority for the first fiscal year of the transfer and each fiscal year thereafter shall be sufficient so that the net spending authority and resulting outlays to carry out activities with funding described in subsection (a) shall not exceed $0 for the first fiscal year of the transfer and each fiscal year thereafter.
**(d) Itemized list of reductions and increased receipts**
(1) **Proposed changes** — Not later than 30 days after the date of transfer pursuant to section 460
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Source file: Laws/federal/codes/united-states-code/title-16/section-460lll-tennessee-valley-authority-transfer-funding--104fc93878.md
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Source location: Title 16, Chapter 1, § 460lll; chapter-001-national-parks-military-parks-monuments-and-seashores.md
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**(a) In general** The funding described in this section is funding derived from only 1 or more of the following sources:
(1) Nonpower fund balances and collections.
(2) Investment returns of the nonpower program.
(3) Applied programmatic savings in the power and nonpower programs.
(4) Savings from the suspension of bonuses and awards.
(5) Savings from reductions in memberships and contributions.
(6) Increases in collections resulting from nonpower activities, including user fees.
(7) Increases in charges to private and public utilities both investor and cooperatively owned, as well as to direct load customers.
**(b) Availability** Funds from the sources described in subsection (a) shall be available notwithstanding section 11, 14, 15, or 29 [[16 U.S.C. 831j](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section831j&num=0&edition=prelim), 831m, 831n, 831bb] or any other provision of the Tennessee Valley Authority Act of 1933 ([16 U.S.C. 831](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section831&num=0&edition=prelim) et seq.) or any provisions of the covenants contained in any power bonds issued by the Tennessee Valley Authority.
**(c) Sufficiency of savings** The savings from and the revenue adjustment to the budget of the Tennessee Valley Authority for the first fiscal year of the transfer and each fiscal year thereafter shall be sufficient so that the net spending authority and resulting outlays to carry out activities with funding described in subsection (a) shall not exceed $0 for the first fiscal year of the transfer and each fiscal year thereafter.
**(d) Itemized list of reductions and increased receipts**
(1) **Proposed changes** — Not later than 30 days after the date of transfer pursuant to section 460lll–41 of this title, the Chairman of the Tennessee Valley Authority shall submit to the Committee on Appropriations of the House of Representatives and the Committee on Appropriations of the Senate an itemized list of the amounts of reductions in spending and increases in receipts that are proposed to be made as a result of activities under this subsection during the first fiscal year of the transfer.
(2) **Actual changes** — Not later than 24 months after the effective date of the transfer, the Chairman of the Tennessee Valley Authority shall submit to the Committee on Appropriations of the House of Representatives and the Committee on Appropriations of the Senate an itemized list of the amounts of reductions in spending and increases in receipts as a result of activities under this subsection during the first fiscal year of the transfer.
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Federal law — U.S. Code and appendices · legal_authorities
For the purpose of maintaining and operating the properties now owned by the United States in the vicinity of Muscle Shoals, Alabama, in the interest of the National defense and for agricultural and industrial development, and to improve navigation in the Tennessee River and to control the destructive flood waters in the Tennessee River and Mississippi River Basins, there is created a body corporate by the name of the “Tennessee Valley Authority” (hereinafter referred to as the “Corporation”). The Board of Directors first appointed shall be deemed the incorporators, and the incorporation shall be held to have been effected from the date of the first meeting of the Board. This chapter may be cited as the “Tennessee Valley Authority Act of 1933.”
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Federal law — U.S. Code and appendices · legal_authorities
It is declared to be the policy of the Government so far as practical to distribute and sell the surplus power generated at Muscle Shoals equitably among the States, counties, and municipalities within transmission distance. This policy is further declared to be that the projects herein provided for shall be considered primarily as for the benefit of the people of the section as a whole and particularly the domestic and rural consumers to whom the power can economically be made available, and accordingly that sale to and use by industry shall be a secondary purpose, to be utilized principally to secure a sufficiently high load factor and revenue returns which will permit domestic and rural use at the lowest possible rates and in such manner as to encourage increased domestic and rural use of electricity. It is further declared to be the policy of the Government to utilize the Muscle Shoals properties so far as may be necessary to improve, increase, and cheapen the production of fertilizer and fertilizer ingredients by carrying out the provisions of this chapter.
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Federal law — U.S. Code and appendices · legal_authorities
Page 823
TITLE 16—CONSERVATION
§ 460lll
ism and the maritime industry; and Boston
Harbor-related advocacy organizations; and
organizations representing Native American
interests.
(3) Procedures
Each meeting of the Advisory Council and
its committees shall be open to the public.
(4) Chapter 10 of title 5
The provisions of section 1013 of title 5 are
hereby waived with respect to the Advisory
Council.
(h) Authorization of appropriations
(1) In general
There are authorized to be appropriated such
sums as may be necessary to carry out this
section, provided that no funds may be appro-
priated for land acquisition.
(2) Matching requirement
Amounts appropriated in any fiscal year to
carry out this section may only be expended
on a matching basis in a ratio of at least three
non-Federal dollars to every Federal dollar.
The non-Federal share of the match may be in
the form of cash, services, or in-kind contribu-
tions, fairly valued.
(Pub. L. 104–333, div. I, title X, § 1029, Nov. 12,
1996, 110 Stat. 4232; Pub. L. 105–355, title V, § 513,
Nov. 6, 1998, 112 Stat. 3266; Pub. L. 106–176, title
I, § 126, Mar. 10, 2000, 114 Stat. 30; Pub. L. 108–352,
§ 12, Oct. 21, 2004, 118 Stat. 1397; Pub. L. 109–241,
title IX, § 902(h)(1), July 11, 2006, 120 Stat. 567;
Pub. L. 111–11, title VII, § 7109, Mar. 30, 2009, 123
Stat. 1197; Pub. L. 111–281, title IX, § 903(a)(8),
Oct. 15, 2010, 124 Stat. 3010; Pub. L. 117–286,
§ 4(a)(93), Dec. 27, 2022, 136 Stat. 4316.)
Editorial Notes
REFERENCES IN TEXT
The Act entitled ‘‘An Act to establish a National
Park Service, and for other purposes’’, approved August
25, 1916 (39 Stat. 535; 16 U.S.C. 1, 2, 3, and 4), referred to
in subsec. (d)(1), is act Aug. 25, 1916, ch. 408, 39 Stat. 535,
known as the National Park Servic
Source: Supplied 2024 U.S. Code historical extraction · 16 U.S.C. § 460lll
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Federal law — U.S. Code and appendices · legal_authorities
Page 1452
TITLE 16—CONSERVATION
§ 831
Sec.
831z.
Authorization of appropriations.
831aa.
Laws repealed.
831bb.
Reservation of right to amend or repeal.
831cc.
Separability.
831dd.
Liberal construction of chapter; sale of sur-
plus lands.
831ee.
Essential stewardship activities.
§ 831. Creation; short title
For the purpose of maintaining and operating
the properties now owned by the United States
in the vicinity of Muscle Shoals, Alabama, in
the interest of the National defense and for agri-
cultural and industrial development, and to im-
prove navigation in the Tennessee River and to
control the destructive flood waters in the Ten-
nessee River and Mississippi River Basins, there
is created a body corporate by the name of the
‘‘Tennessee Valley Authority’’ (hereinafter re-
ferred to as the ‘‘Corporation’’). The Board of
Directors first appointed shall be deemed the
incorporators, and the incorporation shall be
held to have been effected from the date of the
first meeting of the Board. This chapter may be
cited as the ‘‘Tennessee Valley Authority Act of
1933.’’
(May 18, 1933, ch. 32, § 1, 48 Stat. 58; Pub. L.
108–447, div. C, title VI, § 603(a), Dec. 8, 2004, 118
Stat. 2966.)
Editorial Notes
AMENDMENTS
2004—Pub. L. 108–447 substituted ‘‘Board of Directors’’
for ‘‘board of directors’’ and ‘‘Board’’ for ‘‘board’’.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 2004 AMENDMENT
Amendment by Pub. L. 108–447 effective on the later
of the date on which at least three persons nominated
under section 604(a) of Pub. L. 108–447 take office or
May 18, 2005, see section 604(b) of Pub. L. 108–447, set
out in an Appointments; Effective Date; Transition
note under section 831a of this title.
§ 831a. Membership, operation, and duties of t
Source: Supplied 2024 U.S. Code historical extraction · 16 U.S.C. § 831
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Federal law — U.S. Code and appendices · legal_authorities
Page 1464
TITLE 16—CONSERVATION
§ 831j
not organized or doing business for profit, but
primarily for the purpose of supplying elec-
tricity to its own citizens or members: Provided,
That all contracts made with private companies
or individuals for the sale of power, which power
is to be resold for a profit, shall contain a provi-
sion authorizing the Board to cancel said con-
tract upon five years’ notice in writing, if the
Board needs said power to supply the demands of
States, counties, or municipalities. In order to
promote and encourage the fullest possible use
of electric light and power on farms within rea-
sonable distance of any of its transmission lines
the Board in its discretion shall have power to
construct transmission lines to farms and small
villages that are not otherwise supplied with
electricity at reasonable rates, and to make
such rules and regulations governing such sale
and distribution of such electric power as in its
judgment may be just and equitable: Provided
further, That the Board is authorized and di-
rected to make studies, experiments, and deter-
minations to promote the wider and better use
of electric power for agricultural and domestic
use, or for small or local industries, and it may
cooperate with State governments, or their sub-
divisions or agencies, with educational or re-
search institutions, and with cooperatives or
other organizations, in the application of elec-
tric power to the fuller and better balanced de-
velopment of the resources of the region: Pro-
vided further, That the Board is authorized to in-
clude in any contract for the sale of power such
terms and conditions, including resale rate
schedules, and to provide for such rules and reg-
ulations as in its judgment may be necessary or
desirable
Source: Supplied 2024 U.S. Code historical extraction · 16 U.S.C. § 831j
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