[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[S. 1331 Introduced in Senate (IS)]
107th CONGRESS
1st Session
S. 1331
To amend the Tennessee Valley Authority Act of 1933 to modify
provisions relating to the Board of Directors of the Tennessee Valley
Authority, and for other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
August 2, 2001
Mr. Miller (for himself, Mr. Cleland, Mr. Bunning, Mr. Helms, and Mr.
Warner) introduced the following bill; which was read twice and
referred to the Committee on Environment and Public Works
_______________________________________________________________________
A BILL
To amend the Tennessee Valley Authority Act of 1933 to modify
provisions relating to the Board of Directors of the Tennessee Valley
Authority, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. CHANGE IN COMPOSITION AND OPERATION OF THE BOARD OF
DIRECTORS OF THE TENNESSEE VALLEY AUTHORITY.
(a) In General.--The Tennessee Valley Authority Act of 1933 is
amended by striking section 2 (16 U.S.C. 831a) and inserting the
following:
``SEC. 2. BOARD OF DIRECTORS.
``(a) Membership.--
``(1) Appointment.--The Board of Directors of the
Corporation (referred to in this Act as the `Board') shall be
appointed by the President by and with the advice and consent
of the Senate.
``(2) Composition.--The Board shall be composed of 7
members, of whom--
``(A) 1 member shall be a resident of Alabama;
``(B) 1 member shall be a resident of Georgia;
``(C) 1 member shall be a resident of Kentucky;
``(D) 1 member shall be a resident of Mississippi;
``(E) 1 member shall be a resident of North
Carolina;
``(F) 1 member shall be a resident of Tennessee;
and
``(G) 1 member shall be a resident of Virginia.
``(3) Qualifications.--To be eligible to be appointed as a
member of the Board, an individual--
``(A) shall be a citizen of the United States;
``(B) shall have no substantial direct financial
interest in--
``(i) any public-utility corporation
engaged in the business of distributing and
selling power to the public; or
``(ii) any business that may be adversely
affected by the success of the Corporation as a
producer of electric power; and
``(C) shall profess a belief in the feasibility and
wisdom of this Act.
``(4) Chairperson.--
``(A) In general.--The Board shall select a
chairperson from among the members of the Board.
``(B) Duties.--The chairperson shall be the chief
executive officer of the Corporation.
``(b) Terms.--Members of the Board shall be appointed for terms of
4 years, except that, of the members first appointed--
``(A) 3 members shall be appointed for a term of 4
years;
``(B) 2 members shall be appointed for a term of 3
years; and
``(C) 2 members shall be appointed for a term of 2
years.
``(c) Vacancies.--A member appointed to fill a vacancy in the Board
occurring before the expiration of the term for which the predecessor
of the member was appointed shall be appointed for the remainder of
that term.
``(d) Quorum.--
``(1) In general.--Four members of the Board shall
constitute a quorum for the transaction of business.
``(2) Minimum number of members.--A vacancy in the Board
shall not impair the power of the Board to act, so long as
there are 4 members in office.
``(e) Compensation of Members.--
``(1) Non-federal employees.--Subject to paragraph (4), a
member of the Board who is not an officer or employee of the
Federal Government shall be compensated at a rate equal to the
daily equivalent of the annual rate of basic pay prescribed for
level IV of the Executive Schedule under section 5315 of title
5, United States Code, for each day (including travel time)
during which the member is engaged in the performance of the
duties of the Board.
``(2) Federal employees.--A member of the Board who is an
officer or employee of the Federal Government shall serve
without compensation in addition to the compensation received
for the services of the member as an officer or employee of the
Federal Government.
``(3) Travel Expenses.--A member of the Board shall be
allowed travel expenses, including per diem in lieu of
subsistence, at rates authorized for an employee of an agency
under subchapter I of chapter 57 of title 5, United States
Code, while away from the home or regular place of business of
the member in the performance of the duties of the Board.
``(4) Compensation of chairperson.--
``(A) In general.--Except as provided in
subparagraph (B), the Board may fix the compensation of
the chairperson without regard to the provisions of
chapter 51 and subchapter III of chapter 53 of title 5,
United States Code, relating to classification of
positions and General Schedule pay rates.
``(B) Maximum rate of pay.--The rate of pay for the
chairperson may not exceed the rate payable for level V
of the Executive Schedule under section 5316 of title
5, United States Code.''.
(b) Current Board Members.--A member of the Board of Directors of
the Tennessee Valley Authority who was appointed before the date of
enactment of this Act--
(1) may continue to serve as a member until the date on
which the term of that member expires; and
(2) may be reappointed if that member meets the residency
requirements of section 2(a)(2) of the Tennessee Valley
Authority Act of 1933 (as amended by subsection (a)).
<all>
Introduced in Senate
Read twice and referred to the Committee on Environment and Public Works.
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