16 USC 825t: Utilization of power revenues
Text contains those laws in effect on April 29, 2024
From Title 16-CONSERVATIONCHAPTER 12-FEDERAL REGULATION AND DEVELOPMENT OF POWERSUBCHAPTER III-LICENSEES AND PUBLIC UTILITIES; PROCEDURAL AND ADMINISTRATIVE PROVISIONS
§825t. Utilization of power revenues
No power revenues on any project shall be distributed as profits, before or after retirement of the project debt, and nothing contained in any previous appropriation Act shall be deemed to have authorized such distribution: Provided, That the application of such revenues to the cost of operation, maintenance, and debt service of the irrigation system of the project, or to other purposes in aid of such irrigation system, shall not be construed to be such a distribution.
(July 1, 1946, ch. 529, §1,
Editorial Notes
Codification
Section was not enacted as part of the Federal Power Act which generally comprises this chapter.