16 U.S.C. § 831ee: Essential stewardship…

Summary

Allows the Tennessee Valley Authority to pay for essential stewardship work starting in fiscal year 1999 and after, but only using specified nonpower money and savings. That includes nonpower fund balances and collections, investment returns from the nonpower program, programmatic savings in power and nonpower programs, savings from suspending bonuses and awards, cutting memberships and contributions, higher collections from nonpower activities (like user fees), or higher charges to private and public utilities and direct load customers. Those funds can be used even if sections 11, 14, 15, or 29 of the TVA Act or TVA power bond covenants would otherwise limit them. Budget savings and revenue changes must be large enough so that the net spending authority and outlays for these stewardship activities do not exceed $0 in fiscal year 1999 and thereafter.

Title 16, §831ee

Conservation, Source: USLM XML via OLRC

For essential stewardship activities for which appropriations were provided to the Tennessee Valley Authority in Public Law 104–206, such sums as are necessary in fiscal year 1999 and thereafter, to be derived only from one or more of the following sources: nonpower fund balances and collections; investment returns of the nonpower program; applied programmatic savings in the power and nonpower programs; savings from the suspension of bonuses and awards; savings from reductions in memberships and contributions; increases in collections resulting from nonpower activities, including user fees; or increases in charges to private and public utilities both investor and cooperatively owned, as well as to direct load customers: Provided, That such funds are available to fund the stewardship activities under this section, notwithstanding section 11, 14, 15, 29 [16 U.S.C. 831j, 831m, 831n, 831bb], or other provisions of the Tennessee Valley Authority Act [16 U.S.C. 831 et seq.], as amended, or provisions of the TVA power bond covenants: Provided further, That the savings from, and revenue adjustments to, the TVA budget in fiscal year 1999 and thereafter shall be sufficient to fund the aforementioned stewardship activities such that the net spending authority and resulting outlays for these activities shall not exceed $0 in fiscal year 1999 and thereafter.

Notes & Related Subsidiaries

Editorial Notes

References in Text

Public Law 104–206, referred to in text, is Pub. L. 104–206, Sept. 30, 1996, 110 Stat. 2984, known as the Energy and Water Development Appropriations Act, 1997. For complete classification of this Act to the Code, see Tables. The Tennessee Valley Authority Act, referred to in text, probably means the Tennessee Valley Authority Act of 1933, act May 18, 1933, ch. 32, 48 Stat. 58, which is classified generally to this chapter. For complete classification of this Act to the Code, see section 831 of this title and Tables. Codification Section was enacted as part of the Energy and Water Development Appropriations Act, 1998, and not as part of the Tennessee Valley Authority Act of 1933 which comprises this chapter.

§831ee Essential Stewardship Activities

Summary

Title 16, §831ee

Notes & Related Subsidiaries

Editorial Notes

References in Text

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