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U.S. Code as of:
01/19/04
Section 831i. Sale of surplus power; preferences; experimental work; acquisition of existing electric facilities
The Board is empowered and authorized to sell the surplus power
not used in its operations, and for operation of locks and other
works generated by it, to States, counties, municipalities,
corporations, partnerships, or individuals, according to the
policies hereinafter set forth; and to carry out said authority,
the Board is authorized to enter into contracts for such sale for a
term not exceeding twenty years, and in the sale of such current by
the Board it shall give preference to States, counties,
municipalities, and cooperative organizations of citizens or
farmers, not organized or doing business for profit, but primarily
for the purpose of supplying electricity to its own citizens or
members: Provided, That all contracts made with private companies
or individuals for the sale of power, which power is to be resold
for a profit, shall contain a provision authorizing the Board to
cancel said contract upon five years' notice in writing, if the
Board needs said power to supply the demands of States, counties,
or municipalities. In order to promote and encourage the fullest
possible use of electric light and power on farms within reasonable
distance of any of its transmission lines the Board in its
discretion shall have power to construct transmission lines to
farms and small villages that are not otherwise supplied with
electricity at reasonable rates, and to make such rules and
regulations governing such sale and distribution of such electric
power as in its judgment may be just and equitable: Provided
further, That the Board is authorized and directed to make studies,
experiments, and determinations to promote the wider and better use
of electric power for agricultural and domestic use, or for small
or local industries, and it may cooperate with State governments,
or their subdivisions or agencies, with educational or research
institutions, and with cooperatives or other organizations, in the
application of electric power to the fuller and better balanced
development of the resources of the region: Provided further, That
the Board is authorized to include in any contract for the sale of
power such terms and conditions, including resale rate schedules,
and to provide for such rules and regulations as in its judgment
may be necessary or desirable for carrying out the purposes of this
chapter, and in case the purchaser shall fail to comply with any
such terms and conditions, or violate any such rules and
regulations, said contract may provide that it shall be voidable at
the election of the Board: Provided further, That in order to
supply farms and small villages with electric power directly as
contemplated by this section, the Board in its discretion shall
have power to acquire existing electric facilities used in serving
such farms and small villages: And provided further, That the terms
"States", "counties", and "municipalities" as used in this chapter
shall be construed to include the public agencies of any of them
unless the context requires a different construction.
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