CITE

    15 USC Sec. 78nn                                            01/08/2008

EXPCITE

    TITLE 15 - COMMERCE AND TRADE
    CHAPTER 2B - SECURITIES EXCHANGES

HEAD

    Sec. 78nn. Tennessee Valley Authority

STATUTE

    (a) In general
      Commencing with the issuance by the Tennessee Valley Authority of
    an annual report on Commission Form 10-K (or any successor thereto)
    for fiscal year 2006 and thereafter, the Tennessee Valley Authority
    shall file with the Commission, in accordance with such rules and
    regulations as the Commission has prescribed or may prescribe, such
    periodic, current, and supplementary information, documents, and
    reports as would be required pursuant to section 78m of this title
    if the Tennessee Valley Authority were an issuer of a security
    registered pursuant to section 78l of this title. Notwithstanding
    the preceding sentence, the Tennessee Valley Authority shall not be
    required to register any securities under this chapter, and shall
    not be deemed to have registered any securities under this chapter.
    (b) Limited treatment as issuer
      Commencing with the issuance by the Tennessee Valley Authority of
    an annual report on Commission Form 10-K (or any successor thereto)
    for fiscal year 2006 and thereafter, the Tennessee Valley Authority
    shall be deemed to be an issuer for purposes of section 78j-1 of
    this title, other than for subsection (m)(1) or (m)(3) of section
    78j-1 of this title. The Tennessee Valley Authority shall not be
    required by this subsection to comply with the rules issued by any
    national securities exchange or national securities association in
    response to rules issued by the Commission pursuant to section 78j-
    1(m)(1) of this title.
    (c) No effect on TVA authority
      Nothing in this section shall be construed to diminish, impair,
    or otherwise affect the authority of the Board of Directors of the
    Tennessee Valley Authority to carry out its statutory functions
    under the Tennessee Valley Authority Act of 1933 [16 U.S.C. 831 et
    seq.].

SOURCE

    (June 6, 1934, ch. 404, title I, Sec. 37, as added Pub. L. 108-447,
    div. H, title V, Sec. 520(2), Dec. 8, 2004, 118 Stat. 3267.)

REFERENCES IN TEXT

      This chapter, referred to in subsec. (a), was in the original
    "this title". See References in Text note set out under section 78a
    of this title and Codification note below.
      The Tennessee Valley Authority Act of 1933, referred to in
    subsec. (c), is act May 18, 1933, ch. 32, 48 Stat. 58, as amended,
    which is classified generally to chapter 12A (Sec. 831 et seq.) of
    Title 16, Conservation. For complete classification of this Act to
    the Code, see section 831 of Title 16 and Tables.

CODIFICATION

      Pub. L. 108-447, which directed amendment of the Securities
    Exchange Act of 1934 by adding this section at the end, is
    reflected in the source credit above as adding this section to
    title I of the Securities Exchange Act of 1934, to reflect the
    probable intent of Congress.