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Simple English definitions for legal terms
Tennessee Valley Authority
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A quick definition of Tennessee Valley Authority:
Tennessee Valley Authority: The Tennessee Valley Authority (TVA) is a government-owned corporation that was created in 1933 to help the economic growth of the Tennessee Valley region. The TVA does many things to help the area, such as controlling floods, making it easier for boats to travel, producing electricity, making fertilizer, improving recreation areas, and taking care of the forests and wildlife. The TVA gets money from the government to do some of these things, but its power program makes enough money to support itself.
A more thorough explanation:
The Tennessee Valley Authority (TVA) is a government-owned corporation that was created in 1933. Its main goal is to promote economic growth in the Tennessee Valley region through a unified program of resource development.
The TVA is responsible for a variety of activities, including:
- Flood control
- Navigation development
- Electric-power production
- Fertilizer development
- Recreation improvement
- Forestry-and-wildlife development
The TVA's power program is financially self-supporting, which means it pays for itself. However, its other programs are primarily financed by congressional appropriations.
For example, the TVA might build a dam to control flooding in a certain area. This would help protect homes and businesses from damage caused by floods. Or, the TVA might develop a new fertilizer that helps crops grow better in the Tennessee Valley region. This would help farmers produce more food and make more money.