§ 825u. — Interest rate on power bonds held by Administrator of General Services.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 16USC825u]
TITLE 16--CONSERVATION
CHAPTER 12--FEDERAL REGULATION AND DEVELOPMENT OF POWER
SUBCHAPTER III--LICENSEES AND PUBLIC UTILITIES; PROCEDURAL AND
ADMINISTRATIVE PROVISIONS
Sec. 825u. Interest rate on power bonds held by Administrator of
General Services
The Administrator of General Services or his successor in interest
is authorized to reduce the rate of interest to 2\1/2\ per centum on all
power bonds held by such Agency issued by States, public authorities,
counties, municipalities, and other subdivisions of State governments
for power projects financed by the Public Works Administration.
(July 31, 1946, ch. 710, Sec. 6, 60 Stat. 744; June 30, 1949, ch. 288,
title I, Sec. 103(a), 63 Stat. 380.)
Codification
This section was not enacted as part of the Federal Power Act which
generally comprises this chapter.
Transfer of Functions
Functions of Federal Works Agency and of all agencies thereof,
together with functions of Federal Works Administrator, transferred to
Administrator of General Services by section 103(a) of act June 30,
1949. Both Federal Works Agency and office of Federal Works
Administrator abolished by section 103(b) of said act. See text of, and
Historical and Revision Notes under, section 303(b) of Title 40, Public
Buildings, Property, and Works. Transfer of functions of Federal Works
Agency effective July 1, 1949, see section 605, formerly Sec. 505, of
act June 30, 1949, ch. 288, 63 Stat. 403; renumbered by act Sept. 5,
1950, ch. 849, Sec. 6(a), (b), 64 Stat. 583.
Functions of Public Works Administration transferred to Federal
Works Administrator by Ex. Ord. No. 9357, June 30, 1943, 8 F.R. 9041.
