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. exeoutive department or a~enoy of the United States whioh pertains to projeots or aotivities within or affecting the region and whioh are within the scope of or related to any functions, duties, powors or responsibilities conferred upon the Corporation". This section also contains new language which reads: "Provided, That the Corporation may operate each such project or portion thereof through the agency from whioh it is hercby transferred, including the Bureau of Reclamation and the Corps of Engineers". ~~a.~ It should be noted that these prov~s~ons leave it entirely within the disoretion of the Corperation to determine What activities and projects shall be undertaken and operated under existing agenoies. 7. Section 20, as in the Mitcholl Bill, contains provisions relating to "Financos, Audits, Accounts, and Reports". Tho Taylor.Bill oontains new language speoifying that the system of accounts, books and records of the Corpor~tien shall be subject to the approval of tho Comptroller Gonoral of tho Unitod Statos as to their adoquacy for the accounting purposes; and that the Corporation shall maintain its powor accounting systom in conformity vli th tho Fodoral Powor Commission's uniform systom of accounts. The Mitchell Bill oontains oxtonsivo directions for audit of thc Corporation's accounts by tho Comptroller Goneral. This provision is eliminated in tho Taylor Bill and in its placo is insertod the following: "Provided, That the Corporation shall bo a wholly ovmod Gp~oTnmont corporation within tho moaning of tho Govornmont Corpor~tion Control Act, approvod Docombor 6, 1945, and its transactions and oporations shall bo subjoct to cont~ol in the mannor providod in that Act excopt as specifically sot forth in soction 20 (a) above". It is intoresting to note that both the Mitcholl Bill and tho Taylor Bill contain a provision that, if in any fiscal yoar tho 6orporation's revonues aro not sufficient to pay into the Treasury of tho United Statos all reimbursablo amounts due for that year, then they shall be carriod forward as a continuing obligation of tho Corporation, No provision is mado for interost on such deforred payments due the Treasury. If, as in the case of tho Tennesseo Valley Authority, tho Corperation fails to repay amounts advaneed by the Government ovor a period of time, possibly for years, then the taxpayers of tho Nation would bo compellod to sustain interest ohargo on money advanced by tho Govornment to finance the Corporation's activities. This would amount to a substantial subsidy. Bosidos, repaymont to tho Troasury of any amount advancod for projoct construction and for othor purposes would be loft in an indofinite status and depond upon the succoss of the Corpora- tion's undertakings and tho broad discrotionary powors roposed in tho Board of Directors. 8. Soction 24 is ontitled: "use of Patonts", Subsection (a) of tho Mitchell Bill is eliminated Qy the Taylor Bill. This specification in the Mitcholl Bill givos tho Corporation access to tho Patont Office of tho United States for the purposo of studying and copying mothods, formulas and scicntific information neccssary to cnablo tho Corporation to use and employ tho most efficacious and econemical proccsses in the courso of its operations, This eliminated scction also provides that the owner of tho patent, whose patent rights may hnve been Dopiod, used, 'infringed cr omployed by the COlrporation, would have a cause cf action against tho Corporation. -4-