16 U.S. Code § 831y - Net proceeds over expense payable into Treasury

Commencing July 1, 1936, the proceeds for each fiscal year derived by the Board from the sale of power or any other products manufactured by the Corporation, and from any other activities of the Corporation including the disposition of any real or personal property, shall be paid into the Treasury of the United States on March 31 of each year, save and except such part of such proceeds as in the opinion of the Board shall be necessary for the Corporation in the operation of dams and reservoirs, in conducting its business in generating, transmitting, and distributing electric energy and in manufacturing, selling, and distributing fertilizer and fertilizer ingredients. A continuing fund of $1,000,000 is also excepted from the requirements of this section and may be withheld by the Board to defray emergency expenses and to insure continuous operation: Provided, That nothing in this section shall be construed to prevent the use by the Board, after June 30, 1936, of proceeds accruing prior to July 1, 1936, for the payment of obligations lawfully incurred prior to such latter date.

Source

(May 18, 1933, ch. 32, § 26,48 Stat. 71; Aug. 31, 1935, ch. 836, § 10,49 Stat. 1079; Pub. L. 94–273, § 35(b),Apr. 21, 1976, 90 Stat. 380.)
Amendments

1976—Pub. L. 94–273substituted “on March 31 of each year” for “at the end of each calendar year”.
1935—Act Aug. 31, 1935, amended section generally.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

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16 USCDescription of ChangeSession YearPublic LawStatutes at Large

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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