§ 831k–1.
Extension of credit to States, municipalities and nonprofit organizations to assist in operation of existing facilities
In order (1) to facilitate the disposition of the surplus power of the Corporation according to the policies set forth in this chapter; (2) to give effect to the priority herein accorded to States, counties, municipalities, and nonprofit organizations in the purchase of such power by enabling them to acquire facilities for the distribut
([May 18, 1933, ch. 32, § 12a], as added [Aug. 31, 1935, ch. 836, § 7], [49 Stat. 1076].)