Bonneville Power Corporation: Hearings, Ninety-sixth Congress, First Session on S. 1927, July 15-17, 1959

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U.S. Government Printing Office, 1960 - 204 halaman
Considers S. 1927, the Bonneville Reorganization Act of 1959, to amend the Bonneville Project Act to establish the Bonneville Power Corporation as a public corporate body with authority to issue electric revenue bonds, utilize its own revenue, and meet the net power requirements of the Pacific Northwest.
 

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Halaman 5 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued, under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of such notes and obligations.
Halaman 4 - In the appointment of officials and the selection of employees for said Corporation, and in the promotion of any such employees or officials, no political test or qualification shall be permitted or given consideration, but. all such appointments and promotions shall be given and made on the basis of merit and efficiency.
Halaman 4 - USC 276a — 276a-5), will be paid wages at rates not less than those prevailing on similar work in the locality as determined by the Secretary of Labor...
Halaman 5 - ... to be redeemable at the' option of the corporation before maturity in such manner as may be stipulated in such obligations, and...
Halaman 4 - The Secretary of Labor shall have, with respect to the labor standards specified in this provision the authority and functions set forth in Reorganization Plan Numbered 14 of 1950 (15 FR 3176, 64 Stat. 1267, 5 USC 133z-15), and section 2 of the Act of June 13, 1934, as amended (48 Stat 948, as amended ; 40 USC 276c).
Halaman 5 - Commerce is authorized to incur such other expenses as may be necessary to carry out the purposes of this Act, including but not limited to...
Halaman 169 - ... other essential considerations of national policy, with the assistance and cooperation of industry, agriculture, labor, and State and local governments, to coordinate and utilize all its plans, functions, and resources for the purpose of creating and maintaining, in a manner calculated to foster and promote free competitive enterprise and the general welfare, conditions under which there will be afforded useful employment opportunities, including self-employment, for those able, willing, and...
Halaman 99 - Rate schedules shall be drawn having regard to the recovery (upon the basis of the application of such rate schedules to the capacity of the electric facilities of Bonneville project) of the cost of producing and transmitting such electric energy, including the amortization of the capital investment over a reasonable period of years.

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