An Act to amend section 15d of the Tennessee Valley Authority Act of 1933 to increase the amount of bonds which may be issued by the Tennessee Valley Authority, and for other purposes.

[AI summary unavailable — showing source text] Increases from $5,000,000,000 to $15,000,000,000 the amount of bonds which may be issued by the Tennessee Valley Authority under the Tennessee Valley Authority Act. Provides for an annual payment, rather than semi-annual payments, to the Treasury of the United States of the power proceeds in excess of those obligated by bonds or bond contracts.…