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U.S. Code as of:
01/19/04
Section 831k. Transmission lines; construction or lease; sale of power over other than Government lines; rates when sold for resale at profit
In order to place the board upon a fair basis for making such
contracts and for receiving bids for the sale of such power, it is
expressly authorized, either from appropriations made by Congress
or from funds secured from the sale of such power, or from funds,
secured by the sale of bonds hereafter provided for, to construct,
lease, purchase, or authorize the construction of transmission
lines within transmission distance from the place where generated,
and to interconnect with other systems. The board is also
authorized to lease to any person, persons, or corporation the use
of any transmission line owned by the Government and operated by
the board, but no such lease shall be made that in any way
interferes with the use of such transmission line by the board:
Provided, That if any State, county, municipality, or other public
or cooperative organization 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, or any two or
more of such municipalities or organizations, shall construct or
agree to construct and maintain a properly designed and built
transmission line to the Government reservation upon which is
located a Government generating plant, or to a main transmission
line owned by the Government or leased by the board and under the
control of the board, the board is authorized and directed to
contract with such State, county, municipality, or other
organization, or two or more of them, for the sale of electricity
for a term not exceeding thirty years; and in any such case the
board shall give to such State, county, municipality, or other
organization ample time to fully comply with any local law now in
existence or hereafter enacted providing for the necessary legal
authority for such State, county, municipality, or other
organization to contract with the board for such power: Provided
further, That all contracts entered into between the Corporation
and any municipality or other political subdivision or cooperative
organization shall provide that the electric power shall be sold
and distributed to the ultimate consumer without discrimination as
between consumers of the same class, and such contract shall be
voidable at the election of the board if a discriminatory rate,
rebate, or other special concession is made or given to any
consumer or user by the municipality or other political subdivision
or cooperative organization: And provided further, That as to any
surplus power not so sold as above provided to States, counties,
municipalities, or other said organizations, before the board shall
sell the same to any person or corporation engaged in the
distribution and resale of electricity for profit, it shall require
said person or corporation to agree that any resale of such
electric power by said person or corporation shall be made to the
ultimate consumer of such electric power at prices that shall not
exceed a schedule fixed by the board from time to time as
reasonable, just, and fair; and in case of any such sale, if an
amount is charged the ultimate consumer which is in excess of the
price so deemed to be just, reasonable, and fair by the board, the
contract for such sale between the board and such distributor of
electricity shall be voidable at the election of the board: And
provided further, That the board is authorized to enter into
contracts with other power systems for the mutual exchange of
unused excess power upon suitable terms, for the conservation of
stored water, and as an emergency or break-down relief.
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