§ 831n. Bonds for future construction; amount, terms, and conditions

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.

1. 1933

   Pub. L. 73–32 § 15 · 48 Stat. 58

   Enacted · 16 U.S.C. § 831n

   May 18, 1933, ch. 32, § 15, 48 Stat. 66

   Source evidence

   Code source credit
   May 18, 1933, ch. 32, § 15, 48 Stat. 66

   Enacted provision · exact public law section
   Sec. 15. In the construction of any future dam, steam plant, or other facility, to be used in whole or in part for the generation or transmission of electric power the board is hereby authorized and empowered to issue on the credit of the United States and to sell serial bonds not exceeding $50,000,000 in amount, having a maturity not more than fifty years from the date of issue thereof, and bearing interest not exceeding 3½ per centum per annum. Said bonds shall Bonds to have equal rank, sold at par, etc. be issued and sold in amounts and prices approved by the Secretary of the Treasury, but all such bonds as may be so issued and sold shall have equal rank. None of said bonds shall be sold below par, and no fee, commission, or compensation whatever shall be paid to any No commission, fee, etc. person, firm, or corporation for handling, negotiating the sale, or selling the said bonds. All of such bonds so issued and sold shall have Rights, etc., of bonds. Vol. 32, p. 484; Vol. 34, p. 5. U.S.C., p. 1024. all the rights and privileges accorded by law to Panama Canal bonds, authorized by section 8 of the Act of June 28, 1902, chapter 1302, as amended by the Act of December 21, 1905 (ch. 3, sec. 1, 34 Stat. 5), as now compiled in section 743 of title 31 of the United States Code. Proceeds of sale to be paid to Corporation. All funds derived from the sale of such bonds shall be paid over to the Corporation.

2. 2004

   Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 2005

   Pub. L. 108–447 div. C title VI § 603(a)(2) · 118 Stat. 2809

   Substituted · 16 U.S.C. § 831n

   Pub. L. 108–447 substituted “Board” for “board” in first sentence

   Source evidence

   Code amendment note
   Pub. L. 108–447 substituted “Board” for “board” in first sentence.

   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.

2 of 2 references resolved to an enrolled provision