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OJ32~5 ... a new or existing agency. The Tennessee Valley Authority, or TVA, is one example. The TVA was created by Congress in 1933 to plan, construct and operate water resource projects in the Tennessee River basin. Although the TV A is a corporation, it is subject to continuing federal control in several ways. Its directors are appointed by the President and it receives continuing federal funding. .' Other, more recent federally-chartered corporations include the Corporation for Public Broadcasting, the National Railroad Passenger Corpora tion, and the Communications Satellite Corporation (COM SA T). These more recent federally-chartered corporations differ from the earlier TVA in that they have somewhat looser ties with the Federal Government, although they are subject to some degree of continuing federal involvement or control, usually by having at least some federally-appointed directors. .'~ Federally-chartered corporations usually may plan, finance, construct, own, operate and charge fees for products or services they provide. Their chief advantage seems to be the speed and efficienCy with which they can operate in comparison to the Federal Government or a federal agency. Thus, when there has been a need to "get the job done" and serve the public interest, Congress has frequently turned to the federal corporation as a solution. " Ability to Resolve River Basin Issues The ability of a federally-chartered corporation to serve the public interest, be it in multi-state water management or other areas, depends largely -27-