TVA Board Meeting - FY24 Financial plan and budget- Reso-Memo
Resolution #2
PROPOSED BOARD RESOLUTION (FY 24 Financial Shelf - Reopening of Existing Power Bonds)
RESOLVED, That the Board of Directors hereby approves the amendment of any previously issued Supplemental Resolution and any related resolutionsto permit the potential issuance during fiscal year 2024 of an additional installment of power bonds under such previously issued Supplemental Resolution and hereby authorizes the Chief Financial and Strategy Officer and the Treasurer, separately or jointly, to execute any such amendments, as long as (1) (a) the Audit, Finance, Risk, and Cybersecurity Committee (or successor committee) is notified of the issuance of the new power bonds and (b) both the Chief Executive Officer and the Chief Financial and Strategy Officer approve the issuance of such bonds and (2) the amount of new power bonds issued pursuant to this resolution, together with (a) the amount of bonds issued pursuant to the Supplemental Resolution entitled “FY 24 Financial Shelf – Issuance of up to $4,000,000,000 of Tennessee Valley Authority Power Bonds,” and (b) the amount of other power financings commenced during fiscal year 2024 as described in the resolution of the Board of Directors entitled “FY 24 Financial Shelf - Execution of Other Financing Arrangements,”shall not exceed $4,000,000,000.
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