Title 16 — ConservationRelease 119-73not60
§825u Interest Rate on Power Bonds Held by Administrator of General Services
Title 16 › Chapter 12— FEDERAL REGULATION AND DEVELOPMENT OF POWER › Subchapter III— LICENSEES AND PUBLIC UTILITIES; PROCEDURAL AND ADMINISTRATIVE PROVISIONS › § 825u
Summary
The Administrator of General Services, or whoever succeeds them, can cut the interest rate to 2.5 percent on power bonds the agency holds. These are bonds issued by states or their local units (for example, public authorities, counties, and cities) for power projects financed by the Public Works Administration.
Full Legal Text
Title 16, §825u
Conservation — Source: USLM XML via OLRC
The Administrator of General Services or his successor in interest is authorized to reduce the rate of interest to 2½ per centum on all power bonds held by such Agency issued by States, public authorities, counties, municipalities, and other subdivisions of State governments for power projects financed by the Public Works Administration.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification This section was not enacted as part of the Federal Power Act which generally comprises this chapter.
Statutory Notes and Related Subsidiaries
Transfer of Functions
Functions of Federal Works Agency and of all agencies thereof, together with functions of Federal Works Administrator, transferred to Administrator of General Services by section 103(a) of act June 30, 1949. Both Federal Works Agency and office of Federal Works Administrator abolished by section 103(b) of said act. See
Historical and Revision Notes
under section 303(b) of Title 40, Public Buildings, Property, and Works.
Transfer of Functions
of Federal Works Agency effective
July 1, 1949, see section 605, formerly § 505, of act
June 30, 1949, ch. 288, 63 Stat. 403; renumbered by act Sept. 5, 1950, ch. 849, § 6(a), (b), 64 Stat. 583. section 303(b) of Title 40 was amended generally by Pub. L. 109–313, § 2(a)(1), Oct. 6, 2006, 120 Stat. 1734, and, as so amended, no longer relates to the Federal Works Agency and Commissioner of Public Buildings. See 2006 Amendment note under section 303 of Title 40.
Executive Documents
Transfer of Functions
Functions of Public Works Administration transferred to Federal Works Administrator by Ex. Ord. No. 9357, June 30, 1943, 8 F.R. 9041.
Reference
Citations & Metadata
Citation
16 U.S.C. § 825u
Title 16 — Conservation
Last Updated
Apr 5, 2026
Release point: 119-73not60