Tennessee Valley Authority

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Dam built by the TVA
Dam built by the TVA



The Tennessee Valley Authority was created in 1933 with the Tennessee Valley Authority Act. It was created to help the hardest hit areas of the great depression. They built dams, replanted trees and taught the people better farming methods. The TVA also generated and sold surplus electricity, conserved water power and created jobs. This organization eased some the economic hardships in Tennessee, Kentucky, Virginia, North Carolina, Georgia, Alabama, and Mississippi and was a great success.



TENNESSEE VALLEY AUTHORITY ACT

AN ACT
To improve the navigability and to provide for the flood control of the Tennessee River; to provide for
reforestation and the proper use of marginal lands in the Tennessee Valley; to provide for the
agricultural and industrial development of said valley; to provide for the national defense by the
creation of a corporation for the operation of Government properties at and near Muscle Shoals
in the State of Alabama, and for other purposes.


Be it enacted by the Senate and House of Representatives of the United States of America
in Congress assembled, That for the purpose of maintaining and operating the properties
now owned by the United States in the vicinity of Muscle Shoals, Alabama, in the
interest of the national defense and for agricultural and industrial development, and to
Bridge built by the Tennessee Valeey Authority in 1934
Bridge built by the Tennessee Valeey Authority in 1934

improve navigation in the Tennessee River and to control the destructive flood water in
the Tennessee River and Mississippi River Basins, there is hereby created a body
corporate by the name of the “Tennessee Valley Authority” (hereinafter referred to as the
“Corporation”). The Board of Directors first appointed shall be deemed the incorporator,
and the incorporation shall be held to have been effected from the date of the first
meeting of the Board. This Act may be cited as the “Tennessee Valley Authority Act of
1933.” [48 Stat. 58-59, 16 U.S.C. sec. 831]1
Sec. 2. MEMBERSHIP, OPERATION, AND DUTIES OF THE BOARD OF
DIRECTORS.
(a) MEMBERSHIP.--
(1) APPOINTMENT.--The Board of Directors of the Corporation (referred to
in this Act as the “Board”) shall be composed of 9 members appointed by the President
by and with the advice and consent of the Senate, at least 7 of whom shall be a legal
resident of the service area of the Corporation.
(2) CHAIRMAN.--The members of the Board shall select 1 of the members to
act as chairman of the Board.
(b) QUALIFICATIONS.--To be eligible to be appointed as a member of the Board,
an individual--
(1) shall be a citizen of the United States;
(2) shall have management expertise relative to a large for-profit or nonprofit
corporate, government, or academic structure;
(3) shall not be an employee of the Corporation;
(4) shall make full disclosure to Congress of any investment or other financial
interest that the individual holds in the energy industry; and
(5) shall affirm support for the objectives and missions, of the Corporation,
including being a national leader in technological innovation, low-cost power, and
environmental stewardship..



"There are no ticking bombs...we are confident that there is not another Tennessee Valley Authority waiting to happen."