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.
July 31, 1946, ch. 710, § 660 Stat. 744June 30, 1949, ch. 28863 Stat. 380(, ; , title I, § 103(a), .)
Editorial Notes
Codification
This section was not enacted as part of the Federal Power Act which generally comprises this chapter.
Statutory Notes and Related Subsidiaries
Transfer of Functions
section 303(b) of Title 40act June 30, 1949, ch. 28863 Stat. 403act Sept. 5, 1950, ch. 849, § 6(a)64 Stat. 583Section 303(b) of Title 40Pub. L. 109–313, § 2(a)(1)120 Stat. 1734section 303 of Title 40Functions 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 . Both Federal Works Agency and office of Federal Works Administrator abolished by section 103(b) of said act. See Historical and Revision Notes under , Public Buildings, Property, and Works. Transfer of functions of Federal Works Agency effective , see section 605, formerly § 505, of , ; renumbered by , (b), . was amended generally by , , , and, as so amended, no longer relates to the Federal Works Agency and Commissioner of Public Buildings. See 2006 Amendment note under .
Executive Documents
Transfer of Functions
Functions of Public Works Administration transferred to Federal Works Administrator by Ex. Ord. No. 9357, , 8 F.R. 9041.