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bill Progress


  • EnactedDecember 18th, 2014
    The President signed this bill into law
  • The senate Passed December 11th, 2014
    Passed by Voice Vote
      senate Committees
      Senate Committee on Environment and Public Works
  • The house Passed September 15th, 2014
    Passed by Voice Vote
      house Committees
      House Committee on Transportation and Infrastructure
      Water Resources and Environment
    IntroducedAugust 2nd, 2013

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What is it?

This bill would shift ownership of the Yellow Creek Port properties at Iuka, Mississippi from the federally-operated Tennessee Valley Authority (TVA) to the state of Mississippi.

The TVA is a federal corporation that was created in 1933 during the Great Depression to provide flood control, land management, energy infrastructure, and economic assistance to Southern states at no cost to taxpayers. The TVA remains an important source of aid in seven states. It subsidizes electricity to nine million residents at a cost significantly lower than the national rate. Those receiving support from the TVA include 334,000 households in Mississippi.


This bill would convey 172 acres of property in the Yellow Creek Port to the state. Mississippi is legally permitted to acquire this property if an environmental review determines that it is free of pollutants, and if the TVA waives payment requirements.

Impact

People who receive subsidized electricity from the TVA, the Yellow Creek Port, the state of Mississippi, and taxpayers in Mississippi.

Cost

The CBO estimates that H.R. 3044 will have no significant impact on the federal budget.

More Information

Media: 

WTVA

(Photo Credit: Bridge Hunter)

Official Title

To approve the transfer of Yellow Creek Port properties in Iuka, Mississippi.

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