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.