16-U.S.C.-831K-1
§831K-1 – §831K-1. Extension of Credit to States, Municipalities and Nonprofit Organizations to Assist In Operation of Existing Facilities
Pathway
Title 16 > Chapter 12A > Section 831k-1
Details
- Reference: Section 831k-1
- Legend: §831K-1 – §831K-1. Extension of Credit to States, Municipalities and Nonprofit Organizations to Assist In Operation of Existing Facilities
- USCode Year: 2013
Provision Content
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.
(May 18, 1933, ch. 32, §12a, as added Aug. 31, 1935, ch. 836, §7, 49 Stat. 1076.)
U.S. Encyclopedia of Law Coverage
16-U.S.C.-831G in the Legal Encyclopedia: Conservation
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16-U.S.C.-831BB in the Legal Encyclopedia: Regulation
In this entry about 16-U.S.C.-831BB, find legal reference material, bibliographies and premiere content related to regulation in the American Encyclopedia of Law, presenting a comprehensive view of the United States regulation-specific issues, written by authorities in the field.
16-U.S.C.-831K in the Legal Encyclopedia: Energy
In this entry about 16-U.S.C.-831K, find legal reference material, bibliographies and premiere content related to energy in the American Encyclopedia of Law, presenting a comprehensive view of the United States energy-specific issues, written by authorities in the field.
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