
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 16USC460lll-49]

 
                         TITLE 16--CONSERVATION
 
   CHAPTER 1--NATIONAL PARKS, MILITARY PARKS, MONUMENTS, AND SEASHORES
 
          SUBCHAPTER CXXIII--LAND BETWEEN THE LAKES PROTECTION
 
                       Part C--Transfer Provisions
 
Sec. 460lll-49. Tennessee Valley Authority transfer funding


(a) In general

    The funding described in this section is funding derived from only 1 
or more of the following sources:
        (1) Nonpower fund balances and collections.
        (2) Investment returns of the nonpower program.
        (3) Applied programmatic savings in the power and nonpower 
    programs.
        (4) Savings from the suspension of bonuses and awards.
        (5) Savings from reductions in memberships and contributions.
        (6) Increases in collections resulting from nonpower activities, 
    including user fees.
        (7) Increases in charges to private and public utilities both 
    investor and cooperatively owned, as well as to direct load 
    customers.

(b) Availability

    Funds from the sources described in subsection (a) of this section 
shall be available notwithstanding section 11, 14, 15, or 29 [16 U.S.C. 
831j, 831m, 831n, 831bb] or any other provision of the Tennessee Valley 
Authority Act of 1933 (16 U.S.C. 831 et seq.) or any provisions of the 
covenants contained in any power bonds issued by the Tennessee Valley 
Authority.

(c) Sufficiency of savings

    The savings from and the revenue adjustment to the budget of the 
Tennessee Valley Authority for the first fiscal year of the transfer and 
each fiscal year thereafter shall be sufficient so that the net spending 
authority and resulting outlays to carry out activities with funding 
described in subsection (a) of this section shall not exceed $0 for the 
first fiscal year of the transfer and each fiscal year thereafter.

(d) Itemized list of reductions and increased receipts

                        (1) Proposed changes

        Not later than 30 days after the date of transfer pursuant to 
    section 460lll-41 of this title, the Chairman of the Tennessee 
    Valley Authority shall submit to the Committee on Appropriations of 
    the House of Representatives and the Committee on Appropriations of 
    the Senate an itemized list of the amounts of reductions in spending 
    and increases in receipts that are proposed to be made as a result 
    of activities under this subsection during the first fiscal year of 
    the transfer.

                         (2) Actual changes

        Not later than 24 months after the effective date of the 
    transfer, the Chairman of the Tennessee Valley Authority shall 
    submit to the Committee on Appropriations of the House of 
    Representatives and the Committee on Appropriations of the Senate an 
    itemized list of the amounts of reductions in spending and increases 
    in receipts as a result of activities under this subsection during 
    the first fiscal year of the transfer.

(Pub. L. 105-277, div. A, Sec. 101(e) [title V, Sec. 549], Oct. 21, 
1998, 112 Stat. 2681-231, 2681-325.)

                       References in Text

    The Tennessee Valley Authority Act of 1933, referred to in subsec. 
(b), is act May 18, 1933, ch. 32, 48 Stat. 58, as amended, which is 
classified generally to chapter 12A (Sec. 831 et seq.) of this title. 
For complete classification of this Act to the Code, see section 831 of 
this title and Tables.

                  Section Referred to in Other Sections

    This section is referred to in sections 460lll-31, 460lll-45, 
460lll-48 of this title.
