TVA Board Meeting - FY24 Financial plan and budget- Reso-Memo
on the basis of 98 percent of the estimated annual payments to states for FY 2024 and payments to counties on the basis of 100 percent of the estimated annual payments to counties for FY 2024, until the Board has made a final determination of the respective amounts due for FY 2024; RESOLVED further, That the CFSO shall cause to be explained to the appropriate state and county officials that the payments for FY 2024 are based upon preliminary estimates and are subject to later adjustment; RESOLVED further, That the Board of Directors (1) authorizes TVA to issue power bonds and enter into other financing arrangements in an aggregate amount not to exceed $4 billion during FY 2024 and (2) approves the four resolutions included in Attachment 8; and RESOLVED further, That the Board of Directors delegates authority to the CEO to submit a CPA for a potential advanced reactor at TVA’s Clinch River site as soon as the CPA is ready for submission and all legal prerequisites have been completed, and that the CEO periodically report to ONOC on actions taken in accordance with this delegation.
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