Title 16, ConservationRelease 119-73not60
§831k–1 Extension of Credit to States, Municipalities and Nonprofit Organizations to Assist in Operation of Existing Facilities
Title 16 › Chapter 12A— TENNESSEE VALLEY AUTHORITY › § 831k–1
Summary
The Board may lend money for up to five years to States, counties, cities, and nonprofit groups that are within transmission distance of a dam where the Corporation makes power. The loans help them buy, improve, or run existing distribution systems (including small plants and connecting lines) or buy an interest in those facilities, so surplus power can be sold, priority buyers can get service, and existing systems stay in operation without duplication.
Full Legal Text
Title 16, §831k–1
Conservation, Source: USLM XML via OLRC
In order (1) to facilitate the disposition of the surplus power of the Corporation according to the policies set forth in this chapter; (2) to give effect to the priority herein accorded to States, counties, municipalities, and nonprofit organizations in the purchase of such power by enabling them to acquire facilities for the distribution of such power; and (3) at the same time to preserve existing distribution facilities as going concerns and avoid duplication of such facilities, the Board is authorized to advise and cooperate with and assist, by extending credit for a period of not exceeding five years to, States, counties, municipalities and nonprofit organizations situated within transmission distance from any dam where such power is generated by the Corporation in acquiring, improving, and operating (a) existing distribution facilities and incidental works, including generating plants; and (b) interconnecting transmission lines; or in acquiring any interest in such facilities, incidental works, and lines.
Reference
Citations & Metadata
Citation
16 U.S.C. § 831k–1
Title 16, Conservation
Last Updated
Apr 5, 2026
Release point: 119-73not60