§ 831. Creation; short title
For the purpose of maintaining and operating
the properties now owned by the United States
in the vicinity of Muscle Shoals, Alabama, in
the interest of the National defense and for agri-
cultural and industrial development, and to im-
prove navigation in the Tennessee River and to
control the destructive flood waters in the Ten-
nessee River and Mississippi River Basins, there
is created a body corporate by the name of the
‘‘Tennessee Valley Authority’’ (hereinafter re-
ferred to as the ‘‘Corporation’’). The Board of
Directors first appointed shall be deemed the
incorporators, and the incorporation shall be
held to have been effected from the date of the
first meeting of the Board. This chapter may be
cited as the ‘‘Tennessee Valley Authority Act of
1933.’’
(May 18, 1933, ch. 32, § 1, 48 Stat. 58; Pub. L.
108–447, div. C, title VI, § 603(a), Dec. 8, 2004, 118
Stat. 2966.)
Editorial Notes
AMENDMENTS
2004—Pub. L. 108–447 substituted ‘‘Board of Directors’’
for ‘‘board of directors’’ and ‘‘Board’’ for ‘‘board’’.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 2004 AMENDMENT
Amendment by Pub. L. 108–447 effective on the later
of the date on which at least three persons nominated
under section 604(a) of Pub. L. 108–447 take office or
May 18, 2005, see section 604(b) of Pub. L. 108–447, set
out in an Appointments; Effective Date; Transition
note under section 831a of this title.
§ 831a. Membership, operation, and duties of the
Board of Directors
(a) Membership
(1) Appointment
The Board of Directors of the Corporation
(referred to in this chapter as the ‘‘Board’’)
shall be composed of 9 members appointed by
the President by and with the advice and con-
sent of the Senate, at least 7 of whom shall be
a l
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Authority boundary: historical or unconfirmed source not current law verified.
Stable record: federal_law:legal_authorities:uscode2024_022ce68c0e3606fbd0c668f8 Source file: Laws/federal/codes/united-states-code-2024/title-16/section-831-creation-short-title--1177c46a40.md Pages: Not recorded – Not recorded Passage SHA-256: 3735046a8521bce0369e5acf579bfa1241f74524d050b9a5aaf98b6fde421033 Retained source evidence SHA-256: 36d3f8f7ecdbbde799280174fedbe3082df56d390db58081829f5febc625eee1
Page 1452
TITLE 16—CONSERVATION
§ 831
Sec.
831z.
Authorization of appropriations.
831aa.
Laws repealed.
831bb.
Reservation of right to amend or repeal.
831cc.
Separability.
831dd.
Liberal construction of chapter; sale of sur-
plus lands.
831ee.
Essential stewardship activities.
§ 831. Creation; short title
For the purpose of maintaining and operating
the properties now owned by the United States
in the vicinity of Muscle Shoals, Alabama, in
the interest of the National defense and for agri-
cultural and industrial development, and to im-
prove navigation in the Tennessee River and to
control the destructive flood waters in the Ten-
nessee River and Mississippi River Basins, there
is created a body corporate by the name of the
‘‘Tennessee Valley Authority’’ (hereinafter re-
ferred to as the ‘‘Corporation’’). The Board of
Directors first appointed shall be deemed the
incorporators, and the incorporation shall be
held to have been effected from the date of the
first meeting of the Board. This chapter may be
cited as the ‘‘Tennessee Valley Authority Act of
1933.’’
(May 18, 1933, ch. 32, § 1, 48 Stat. 58; Pub. L.
108–447, div. C, title VI, § 603(a), Dec. 8, 2004, 118
Stat. 2966.)
Editorial Notes
AMENDMENTS
2004—Pub. L. 108–447 substituted ‘‘Board of Directors’’
for ‘‘board of directors’’ and ‘‘Board’’ for ‘‘board’’.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 2004 AMENDMENT
Amendment by Pub. L. 108–447 effective on the later
of the date on which at least three persons nominated
under section 604(a) of Pub. L. 108–447 take office or
May 18, 2005, see section 604(b) of Pub. L. 108–447, set
out in an Appointments; Effective Date; Transition
note under section 831a of this title.
§ 831a. Membership, operation, and duties of the
Board of Directors
(a) Membership
(1) Appointment
The Board of Directors of the Corporation
(referred to in this chapter as the ‘‘Board’’)
shall be composed of 9 members appointed by
the President by and with the advice and con-
sent of the Senate, at least 7 of whom shall be
a legal resident of the service area of the Cor-
poration.
(2) Chairman
The members of the Board shall select 1 of
the members to act as chairman of the Board.
(b) Qualifications
To be eligible to be appointed as a member of
the Board, an individual—
(1) shall be a citizen of the United States;
(2) shall have management expertise relative
to a large for-profit or nonprofit corporate,
government, or academic structure;
(3) shall not be an employee of the Corpora-
tion;
(4) shall make full disclosure to Congress of
any investment or other financial interest
that the individual holds in the energy indus-
try; and
(5) shall affirm support for the objectives
and missions of the Corporation, including
being a national leader in technological inno-
vation, low-cost power, and environmental
stewardship.
(c) Recommendations
In appointing members of the Board, the
President shall—
(1) consider recommendations from such
public officials as—
(A) the Governors of States in the service
area;
(B) individual citizens;
(C) business, industrial, labor, electric
power distribution, environmental, civic,
and service organizations; and
(D) the congressional delegations of the
States in the service area; and
(2) seek qualified members from among per-
sons who reflect the diversity, including the
geographical diversity, and needs of the serv-
ice area of the Corporation.
(d) Terms
(1) In general
A member of the Board shall serve a term of
5 years. A member of the Board whose term
has expired may continue to serve after the
member’s term has expired until the date on
which a successor takes office, except that the
member shall not serve beyond the end of the
session of Congress in which the term of the
member expires.
(2) Vacancies
A member appointed to fill a vacancy on the
Board occurring before the expiration of the
term for which the predecessor of the member
was appointed shall be appointed for the re-
mainder of that term.
(e) Quorum
(1) In general
Five of the members of the Board shall con-
stitute a quorum for the transaction of busi-
ness.
(2) Vacancies
A vacancy on the Board shall not impair the
power of the Board to act.
(f) Compensation
(1) In general
A member of the Board shall be entitled to
receive—
(A) a stipend of—
(i) $45,000 per year; or
(ii)(I) in the case of the chairman of any
committee of the Board created by the
Board, $46,000 per year; or
(II) in the case of the chairman of the
Board, $50,000 per year; and
(B) travel expenses, including per diem in
lieu of subsistence, in the same manner as
persons employed intermittently in Govern-
ment service under section 5703 of title 5.
Cross-references
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Federal law — U.S. Code and appendices · legal_authorities
For the purpose of maintaining and operating the properties now owned by the United States in the vicinity of Muscle Shoals, Alabama, in the interest of the National defense and for agricultural and industrial development, and to improve navigation in the Tennessee River and to control the destructive flood waters in the Tennessee River and Mississippi River Basins, there is created a body corporate by the name of the “Tennessee Valley Authority” (hereinafter referred to as the “Corporation”). The Board of Directors first appointed shall be deemed the incorporators, and the incorporation shall be held to have been effected from the date of the first meeting of the Board. This chapter may be cited as the “Tennessee Valley Authority Act of 1933.”