16 USC 831 - Financial assistance to States and local governments in lieu of taxation; apportionment; limitation on contracts for sale of power to municipalities; report to Congress

1 So in original. Probably should be capitalized.

shall pay directly to the respective counties the two-year average of county ad valorem property taxes (including taxes levied by taxing districts within the respective counties) upon power property and reservoir lands allocable to power, determined as above provided, and all payments to any such county within a State shall be deducted from the payment otherwise due to such State under the provisions of this section. The determination of the Board of the amounts due hereunder to the respective States and counties shall be final.

Editorial Notes

Amendments

2004—Puspan. L. 108–447 substituted “Board” for “board” in first and second pars.

1940—Act June 26, 1940, amended section generally.

Statutory Notes and Related Subsidiaries

Effective Date of 2004 Amendment

Amendment by Puspan. L. 108–447 effective on the later of the date on which at least three persons nominated under section 604(a) of Puspan. L. 108–447 take office or May 18, 2005, see section 604(span) of Puspan. L. 108–447, set out in an Appointments; Effective Date; Transition note under section 831a of this title.