16 U.S. Code § 831w - Acquisition of real or personal property; payment by delivery of power; sale or lease of vacant land for industrial purposes

For the purpose of securing any rights of flowage, or obtaining title to or possession of any property, real or personal, that may be necessary or may become necessary, in the carrying out of any of the provisions of this chapter, the President of the United States for a period of three years from May 18, 1933, is authorized to acquire title in the name of the United States to such rights or such property, and to provide for the payment for same by directing the Board to contract to deliver power generated at any of the plants now owned or hereafter owned or constructed by the Government or by said Corporation, such future delivery of power to continue for a period not exceeding thirty years. Likewise, for one year after May 18, 1933, the President is further authorized to sell or lease any parcel or part of any vacant real estate now owned by the Government in said Tennessee River Basin, to persons, firms, or corporations who shall contract to erect thereon factories or manufacturing establishments, and who shall contract to purchase of said Corporation electric power for the operation of any such factory or manufacturing establishment. No contract shall be made by the President for the sale of any of such real estate as may be necessary for present or future use on the part of the Government for any of the purposes of this chapter. Any such contract made by the President of the United States shall be carried out by the Board: Provided, That no such contract shall be made that will in any way abridge or take away the preference right to purchase power given in this chapter to States, counties, municipalities, or farm organizations: Provided further, That no lease shall be for a term to exceed fifty years: Provided further, That any sale shall be on condition that said land shall be used for industrial purposes only.

Source

(May 18, 1933, ch. 32, § 24,48 Stat. 69; Pub. L. 108–447, div. C, title VI, § 603(a)(2),Dec. 8, 2004, 118 Stat. 2966.)
Amendments

2004—Pub. L. 108–447substituted “Board” for “board” in two places.
Effective Date of 2004 Amendment

Amendment by Pub. L. 108–447effective on the later of the date on which at least three persons nominated under section 604(a) ofPub. L. 108–447take office or May 18, 2005, see section 604(b) ofPub. L. 108–447, set out in an Appointments; Effective Date; Transition note under section 831a of this title.

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.


5 CFR - Administrative Personnel

5 CFR Part 7901 - SUPPLEMENTAL STANDARDS OF ETHICAL CONDUCT FOR EMPLOYEES OF THE TENNESSEE VALLEY AUTHORITY

18 CFR - Conservation of Power and Water Resources

18 CFR Part 1300 - STANDARDS OF CONDUCT FOR EMPLOYEES OF TENNESSEE VALLEY AUTHORITY

18 CFR Part 1301 - PROCEDURES

18 CFR Part 1302 - NONDISCRIMINATION IN FEDERALLY ASSISTED PROGRAMS OF TVA—EFFECTUATION OF TITLE VI OF THE CIVIL RIGHTS ACT OF 1964

18 CFR Part 1303 - PROPERTY MANAGEMENT

18 CFR Part 1304 - APPROVAL OF CONSTRUCTION IN THE TENNESSEE RIVER SYSTEM AND REGULATION OF STRUCTURES AND OTHER ALTERATIONS

18 CFR Part 1305 - [Reserved]

18 CFR Part 1306 - RELOCATION ASSISTANCE AND REAL PROPERTY ACQUISITION POLICIES

18 CFR Part 1307 - NONDISCRIMINATION WITH RESPECT TO HANDICAP

18 CFR Part 1308 - CONTRACT DISPUTES

18 CFR Part 1309 - NONDISCRIMINATION WITH RESPECT TO AGE

18 CFR Part 1310 - ADMINISTRATIVE COST RECOVERY

18 CFR Part 1311 - INTERGOVERNMENTAL REVIEW OF TENNESSEE VALLEY AUTHORITY FEDERAL FINANCIAL ASSISTANCE AND DIRECT FEDERAL DEVELOPMENT PROGRAMS AND ACTIVITIES

18 CFR Part 1314 - BOOK-ENTRY PROCEDURES FOR TVA POWER SECURITIES ISSUED THROUGH THE FEDERAL RESERVE BANKS

18 CFR Part 1315 - NEW RESTRICTIONS ON LOBBYING

 

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