United States Code (Last Updated: May 24, 2014) |
Title 16. CONSERVATION |
Chapter 12. FEDERAL REGULATION AND DEVELOPMENT OF POWER |
SubChapter III. LICENSEES AND PUBLIC UTILITIES; PROCEDURAL AND ADMINISTRATIVE PROVISIONS |
§ 825u. Interest rate on power bonds held by Administrator of General Services
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The Administrator of General Services or his successor in interest is authorized to reduce the rate of interest to 2½ 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.
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
Functions of Public Works Administration transferred to Federal Works Administrator by Ex. Ord. No. 9357,