Title 16 — Conservation
Chapter 12A — Tennessee Valley Authority
§ 831h. Annual financial statement; purchases and contracts; audit by Comptroller General
Statutory text
Financial statement and report
The Board shall file with the President and with the Congress, in March of each year, a financial statement and a complete report as to the business of the Corporation covering the preceding governmental fiscal year. This report shall include an itemized statement of the cost of power at each power station, the total number of employees and the names, salaries, and duties of those receiving compensation at the rate of more than $1,500 a year.
Bids
All purchases and contracts for supplies or services, except for personal services, made by the Corporation, shall be made after advertising, in such manner and at such times sufficiently in advance of opening bids, as the Board shall determine to be adequate to insure notice and opportunity for competition: Provided, That advertisement shall not be required when, (1) an emergency requires immediate delivery of the supplies or performance of the services; or (2) repair parts, accessories, supplemental equipment, or services are required for supplies or services previously furnished or contracted for; or (3) the aggregate amount involved in any purchase of supplies or procurement of services does not exceed $25,000; in which cases such purchases of supplies or procurement of services may be made in the open market in the manner common among businessmen: Provided further, That in comparing bids and in making awards the Board may consider such factors as relative quality and adaptability of supplies or services, the bidder’s financial responsibility, skill, experience, record of integrity in dealing, ability to furnish repairs and maintenance services, the time of delivery or performance offered, and whether the bidder has complied with the specifications.
Audits
The Comptroller General of the United States shall audit the transactions of the Corporation at such times as he shall determine, but not less frequently than once each governmental fiscal year, with personnel of his selection. In such connection he and his representatives shall have free and open access to all papers, books, records, files, accounts, plants, warehouses, offices, and all other things, property, and places belonging to or under the control of or used or employed by the Corporation, and shall be afforded full facilities for counting all cash and verifying transactions with and balances in depositaries. He shall make report of each such audit in quadruplicate, one copy for the President of the United States, one for the chairman of the Board, one for public inspection at the principal office of the Corporation, and the other to be retained by him for the uses of the Congress: Provided, That such report shall not be made until the Corporation shall have had reasonable opportunity to examine the exceptions and criticisms of the Comptroller General or the Government Accountability Office, to point out errors therein, explain or answer the same, and to file a statement which shall be submitted by the Comptroller General with his report. The expenses for each such audit shall be paid from any appropriation or appropriations for the Government Accountability Office, and such part of such expenses as may be allocated to the cost of generating, transmitting, and distributing electric energy shall be reimbursed promptly by the Corporation as billed by the Comptroller General. Nothing in this chapter shall be construed to relieve the Treasurer or other accountable officers or employees of the Corporation from compliance with the provisions of existing law requiring the rendition of accounts for adjustment and settlement pursuant to sections 3526(a) and 3702(a) of title 31, and accounts for all receipts and disbursements by or for the Corporation shall be rendered accordingly: Provided, That, subject only to the provisions of this chapter, the Corporation is authorized to make such expenditures and to enter into such contracts, agreements, and arrangements, upon such terms and conditions and in such manner as it may deem necessary, including the final settlement of all claims and litigation by or against the Corporation; and, notwithstanding the provisions of any other law governing the expenditure of public funds, the Government Accountability Office, in the settlement of the accounts of the Treasurer or other accountable officer or employee of the Corporation, shall not disallow credit for, nor withhold funds because of, any expenditure which the Board shall determine to have been necessary to carry out the provisions of said chapter.
Administrative accounts and business documents
The Corporation shall determine its own system of administrative accounts and the forms and contents of its contracts and other business documents except as otherwise provided in this chapter.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 73–32 § 9 · 48 Stat. 58
Enacted · 16 U.S.C. § 831h
May 18, 1933, ch. 32, § 9, 48 Stat. 63
Source evidence
Code source credit
May 18, 1933, ch. 32, § 9, 48 Stat. 63Enacted provision · exact public law section
Sec. 9. (a) The board shall file with the President and with Financial statement and report to be filed annually. the Congress, in December of each year, a financial statement and a complete report as to the business of the Corporation covering the preceding governmental fiscal year. This report shall include Items to be included. an itemized statement of the cost of power at each power station, the total number of employees and the names, salaries, and duties of those receiving compensation at the rate of more than $1,500 a year. (b) The Comptroller General of the United States shall audit Auditing transactions. the transactions of the Corporation at such times as he shall determine, but not less frequently than once each governmental fiscal year, with personnel of his selection. In such connection he and Full access to books, etc. his representatives shall have free and open access to all papers, books, records, files, accounts, plants, warehouses, offices, and all other things, property and places belonging to or under the control of or used or employed by the Corporation, and shall be afforded full facilities for counting all cash and verifying transactions with Report in quadruplicate. and balances in depositaries. He shall make report of each such audit in quadruplicate, one copy for the President of the United States, one for the chairman of the board, one for public inspection at the principal office of the corporation, and the other to be retained Advances to be made by Corporation. by him for the uses of the Congress. The expenses for each such audit may be paid from moneys advanced therefor by the Corporation, or from any appropriation or appropriations for the General Accounting Office, and appropriations so used shall be reimbursed promptly by the Corporation as billed by the Comptroller General. Audits to be charged to operation. All such audit expenses shall be charged to operating expenses of Transactions conflicting with law the Corporation. The Comptroller General shall make special report to the President of the United States and to the Congress of any transaction or condition found by him to be in conflict with the powers or duties intrusted to the Corporation by law.Public Law not identified
Amended · 16 U.S.C. § 831h(b)
Subsec. (b). Act Aug. 31, 1935, amended subsec. (b) generally
Unresolved: No Public Law or Statutes at Large citation in the Code source.
Source evidence
Code amendment note
Subsec. (b). Act Aug. 31, 1935, amended subsec. (b) generally.Public Law not identified
Inserted · 16 U.S.C. § 831h(b)
Subsec. (b). Act Nov. 21, 1941, inserted last paragraph and last sentence of next to last paragraph
Unresolved: No Public Law or Statutes at Large citation in the Code source.
Source evidence
Code amendment note
Subsec. (b). Act Nov. 21, 1941, inserted last paragraph and last sentence of next to last paragraph.Public Law not identified
Repealed · 16 U.S.C. § 831h(b)
Subsec. (b). Act Aug. 30, 1954, in second paragraph, repealed a sentence requiring the Comptroller General to make special reports of any transactions or conditions found to be in conflict with the powers or duties entrusted to the Tennessee Valley Authority by law, such provision now being covered by section 9101 et seq. of Title 31, Money and Finance
Unresolved: No Public Law or Statutes at Large citation in the Code source.
Source evidence
Code amendment note
Subsec. (b). Act Aug. 30, 1954, in second paragraph, repealed a sentence requiring the Comptroller General to make special reports of any transactions or conditions found to be in conflict with the powers or duties entrusted to the Tennessee Valley Authority by law, such provision now being covered by section 9101 et seq. of Title 31, Money and Finance.Pub. L. 93–356 § 5 · 88 Stat. 390
Substituted · 16 U.S.C. § 831h(b)(3)
Pub. L. 93–356 substituted “$10,000” for “$500”
Source evidence
Code amendment note
Subsec. (b)(3). Pub. L. 93–356 substituted “$10,000” for “$500”.Enacted provision · exact public law section
Sec. 5. Section 9(b) of the Tennessee Valley Authority Act of 1933, as amended (16 U.S.C. 831h(b) (3)) is amended by striking out “$500” and inserting in lieu thereof “$10,000”.Fiscal Year Adjustment Act
Pub. L. 94–273 § 5(1) · 90 Stat. 375
Substituted · 16 U.S.C. § 831h(a)
Pub. L. 94–273 substituted “March” for “December”
Source evidence
Code amendment note
Subsec. (a). Pub. L. 94–273 substituted “March” for “December”.Enacted provision · exact public law section
(1) section 9(a) of the Tennessee Valley Authority Act of 1933, as amended (16 U.S.C. 831h(a));Office of Federal Procurement Policy Act Amendments of 1983
Pub. L. 98–191 § 9(d) · 97 Stat. 1325
Substituted · 16 U.S.C. § 831h(b)(3)
Pub. L. 98–191 substituted “$25,000” for “$10,000”
Source evidence
Code amendment note
Subsec. (b)(3). Pub. L. 98–191 substituted “$25,000” for “$10,000”.Enacted provision · exact public law section
(d) Clause (3) of the first sentence of section 9(b) of the Tennessee Valley Authority Act of 1933 (16 U.S.C. 831h(b)) is amended by striking out “$10,000” and inserting in lieu thereof “$25,000”.GAO Human Capital Reform Act of 2004
Pub. L. 108–271 § 8(b) · 118 Stat. 811
Substituted · 16 U.S.C. § 831h(b)
Pub. L. 108–271, in second par., substituted “Government Accountability Office” for “General Accounting Office” wherever appearing
Target inherited from the preceding amendment note.
Source evidence
Code amendment note
Pub. L. 108–271, in second par., substituted “Government Accountability Office” for “General Accounting Office” wherever appearing.Enacted provision · exact public law section
(b) References.— Any reference to the General Accounting Office in any law, rule, regulation, certificate, directive, instruction, or other official paper in force on the date of enactment of this Act shall be considered to refer and apply to the Government Accountability Office.Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 2005
Pub. L. 108–447 § 603(a)(2) · 118 Stat. 2809
Substituted · 16 U.S.C. § 831h(a)
Pub. L. 108–447, § 603(a)(2), substituted “Board” for “board”
Source evidence
Code amendment note
Subsec. (a). Pub. L. 108–447, § 603(a)(2), substituted “Board” for “board”.Enacted provision · exact public law section
Sec. 603. The expenditure of any appropriation under this Act for any consulting service through procurement contract, pursuant to 5 U.S.C. 3109, shall be limited to those contracts where such expenditures are a matter of public record and available for public inspection, except where otherwise provided under existing law, or under existing Executive order issued pursuant to existing law.Effective date note
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.Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 2005
Pub. L. 108–447 § 603(b) · 118 Stat. 2809
Amended · 16 U.S.C. § 831h(b)
Pub. L. 108–447, § 603(b), designated second and third pars. as subsecs. (c) and (d), respectively
Source evidence
Code amendment note
Subsec. (b). Pub. L. 108–447, § 603(b), designated second and third pars. as subsecs. (c) and (d), respectively.Enacted provision · exact public law section
Sec. 603. The expenditure of any appropriation under this Act for any consulting service through procurement contract, pursuant to 5 U.S.C. 3109, shall be limited to those contracts where such expenditures are a matter of public record and available for public inspection, except where otherwise provided under existing law, or under existing Executive order issued pursuant to existing law.Effective date note
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.Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 2005
Pub. L. 108–447 § 603(b) · 118 Stat. 2809
Amended · 16 U.S.C. § 831h(c); 16 U.S.C. § 831h(d)
Pub. L. 108–447, § 603(b), designated second and third pars. of subsec. (b) as subsecs. (c) and (d), respectively
Inserted · 16 U.S.C. § 831h(c); 16 U.S.C. § 831h(d)
Pub. L. 108–447, § 603(b), inserted headings
Source evidence
Code amendment note
Subsecs. (c), (d). Pub. L. 108–447, § 603(b), designated second and third pars. of subsec. (b) as subsecs. (c) and (d), respectively, and inserted headings.Enacted provision · exact public law section
Sec. 603. The expenditure of any appropriation under this Act for any consulting service through procurement contract, pursuant to 5 U.S.C. 3109, shall be limited to those contracts where such expenditures are a matter of public record and available for public inspection, except where otherwise provided under existing law, or under existing Executive order issued pursuant to existing law.Effective date note
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.
9 of 12 references resolved to an enrolled provision · 3 unresolved
Editorial Notes
Codification
In subsec. (c), “sections 3526(a) and 3702(a) of title 31” substituted for “section 236, Revised Statutes, as amended by section 305 of the Budget and Accounting Act, 1921 (42 Stat. 24 [31 U.S.C. 71])” on authority of Pub. L. 97–258, § 4(b), , 96 Stat. 1067, the first section of which enacted Title 31, Money and Finance.
Amendments1935–2004 · 7 rounds
2004
Subsec. (a). Pub. L. 108–447, § 603(a)(2), substituted “Board” for “board”.
Subsec. (b). Pub. L. 108–447, § 603(b), designated second and third pars. as subsecs. (c) and (d), respectively.
Pub. L. 108–271, in second par., substituted “Government Accountability Office” for “General Accounting Office” wherever appearing.
Subsecs. (c), (d). Pub. L. 108–447, § 603(b), designated second and third pars. of subsec. (b) as subsecs. (c) and (d), respectively, and inserted headings.
1983
Subsec. (b)(3). Pub. L. 98–191 substituted “$25,000” for “$10,000”.
1976
Subsec. (a). Pub. L. 94–273 substituted “March” for “December”.
1974
Subsec. (b)(3). Pub. L. 93–356 substituted “$10,000” for “$500”.
1954
Subsec. (b). Act , in second paragraph, repealed a sentence requiring the Comptroller General to make special reports of any transactions or conditions found to be in conflict with the powers or duties entrusted to the Tennessee Valley Authority by law, such provision now being covered by section 9101 et seq. of Title 31, Money and Finance.
1941
Subsec. (b). Act , inserted last paragraph and last sentence of next to last paragraph.
1935
Subsec. (b). Act , amended subsec. (b) generally.
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 , see section 604(b) of Pub. L. 108–447, set out in an Appointments; Effective Date; Transition note under section 831a of this title.
Termination of Reporting Requirements
For termination, effective , of provisions of law requiring submittal to Congress of any annual, semiannual, or other regular periodic report listed in House Document No. 103–7 (in which certain reporting requirements under subsec. (a) of this section are listed in item 3 on page 193), see section 3003 of Pub. L. 104–66, as amended, and section 1(a)(4) [div. A, § 1402(1)] of Pub. L. 106–554, set out as notes under section 1113 of Title 31, Money and Finance.
Single Audit Requirements
Tennessee Valley Authority audits unaffected by single audit requirements of chapter 75 (§ 7501 et seq.) of Title 31, Money and Finance, see section 2(b) of Pub. L. 98–502, set out as a note under section 7501 of Title 31.
Credits
1933–2004 · 9 acts
- 1933May 18, 1933, ch. 32, § 9, 48 Stat. 63
- 1935Aug. 31, 1935, ch. 836, § 14, 49 Stat. 1080
- 1941Nov. 21, 1941, ch. 485, 55 Stat. 775
- 1954Aug. 30, 1954, ch. 1076, § 1 (32), 68 Stat. 968
- 1974Pub. L. 93–356, § 5, , 88 Stat. 390
- 1976Pub. L. 94–273, § 5(1), , 90 Stat. 377
- 1983Pub. L. 98–191, § 9(d), , 97 Stat. 1332
- 2004Pub. L. 108–271, § 8(b), , 118 Stat. 814
- 2004Pub. L. 108–447, div. C, title VI, § 603(a)(2), (b), , 118 Stat. 2966.
Show as published
(May 18, 1933, ch. 32, § 9, 48 Stat. 63; Aug. 31, 1935, ch. 836, § 14, 49 Stat. 1080; Nov. 21, 1941, ch. 485, 55 Stat. 775; Aug. 30, 1954, ch. 1076, § 1 (32), 68 Stat. 968; Pub. L. 93–356, § 5, , 88 Stat. 390; Pub. L. 94–273, § 5(1), , 90 Stat. 377; Pub. L. 98–191, § 9(d), , 97 Stat. 1332; Pub. L. 108–271, § 8(b), , 118 Stat. 814; Pub. L. 108–447, div. C, title VI, § 603(a)(2), (b), , 118 Stat. 2966.)