Profiles of Existing Government Corporations - US Government ...

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NANR: T~~A8888 VAlhy Authority (TVA)
CORPORATXON PROFILE
TVA
RJWOSLI: TVA was cramtad for tha unified devoloprant of
r.eourc.g and advancement of l conomiC grovth in the TaNee8.e
Val1.y ragion. TVA's program of actfVitiO8 include flood
control, navigational dwalopmmnt, electric power production,
fertiliser davalopront, recreation improv.m.nt, and forestry and
wlldlifo davalopnont. TVA operates dame and rasarvoire for the
promotion of navigation, flood control, end hydro-electric
generation. TVA also provides and operate8 facilities for the
generation and traneri88ion of electric l nerqy and markets such
power to etatae, counties, municipalities, corporations, and
others.
LKGA.L AUTSORITY: 16 U.S.C. 631-83166
DATK aKATKD: Nay 18, 1933
LEGISIATBD -TION DATK: Nono specified in enabling
legi8lation.
IZGAL STATUS: Wholly 0nr.d government corporation.
MCY KTA’IOS: TVA is an agency of the U.S. government.
WO?Dm RSx Tha board ha8 thraa muberer each member is
a preaidantial appointee. Board membrrehip r.quir.ments:
--term8 or0 for nine years with one appointment l xpiring
wary three years,
--rubOr. allat be U.S. CitiZ.nS,
--aubers may not l ngagm in any 0th.r buein888 during
their term in office,
--msb.rs compen8ation is cOv.rad by 5 U.S.C. 5314~S315,
--rambore ahall not have financial intarost in any
corporation engaged in the l lactric povar or fartilizer
bu8ine88 or in any bu8inae8ae compmting with TVA, and
--a muber 8&y be r.8ov.d from office by the Pr88idAnt or
concurrmt re8olution of Senate and Hous..
ADVISORY SDARD -: Nom specified in enabling laqi8lation.
PARmlT AGmIcY: None spacifiod in enabling legielation.
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