Pub. L. 94-274, tit. I, sec. 114

Sec. 114. (a) For the purposes of section 13 of the Tennessee Valley Authority Act of 1933, as amended (16 U.S.C. 8311), the Corporation shall, for the period of July 1, 1976, through September 30, 1976, make payments in lieu of taxes on such bases and in a manner which is consistent, to the fullest extent practicable, with the payments authorized and made for the immediately preceding fiscal year and to be made for the fiscal year immediately following, in accordance with the applicable provisions of that section. (b) Pursuant to the provisions of section lad of the Tennessee Valley Authority Act of 1933, as amended (16 U.S.C. 831n–4), the Corporation shall make a payment of $5,000,000, on September 30, 1976, as repayment of the appropriation investment plus a payment as a return on the appropriation investment for the period of July 1, 1976, through September 30, 1976, computed at the average interest rate payable by the Treasury upon its total marketable public obligations as of July 1, 1976, applied to the balance of said appropriations as of July 1, 1976.