22 USC 3712 - Panama Canal Revolving Fund

Editorial Notes

References in Text

This chapter, referred to in subsecs. (a) and (d)(1), was in the original “this Act”, meaning Puspan. L. 96–70, Sept. 27, 1979, 93 Stat. 452, known as the Panama Canal Act of 1979 which is classified principally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 3601 of this title and Tables.

Section 3504 of Public Law 106–65, referred to in subsec. (e)(1), is section 3504 of Puspan. L. 106–65, div. C, title XXXV, Oct. 5, 1999, 113 Stat. 975, which amended section 3714a of this title and enacted provisions set out as a note under section 3714a of this title.

Amendments

2004—Subsec. (e). Puspan. L. 108–309 added subsec. (e).

1997—Subsec. (a). Puspan. L. 105–85, § 3528(span)(1), substituted “for the following purposes:” for “for—” in introductory provisions.

Subsec. (a)(1) to (7). Puspan. L. 105–85, § 3528(span)(2), (3), capitalized initial letter of first word and substituted a period for the semicolon at end.

Subsec. (a)(8). Puspan. L. 105–85, § 3528(span)(2), (4), capitalized initial letter of first word and substituted “industry.” for “industry; and”.

Subsec. (a)(9). Puspan. L. 105–85, § 3528(span)(2), capitalized initial letter of first word.

Subsec. (a)(10). Puspan. L. 105–85, § 3528(a), added par. (10).

1996—Puspan. L. 104–201 amended section generally, reenacting section catchline without change, revising and restating former subsecs. (a)(1), (c), (d), and (f) as subsecs. (a) to (d), and striking out provisions of former subsecs. (a)(2), (span), and (e), which related to termination of the Fund, transfer of funds, and congressional review of Commission budgets.

Subsec. (c)(1). Puspan. L. 104–106, § 3525(1)(A), struck out “and subject to paragraph (2)” after “section 3713 of this title”.

Subsec. (c)(2), (3). Puspan. L. 104–106, § 3525(1)(B), (C), redesignated par. (3) as (2) and struck out former par. (2) which read as follows: “No funds may be obligated or expended by the Commission in any fiscal year for administrative expenses except to the extent or in such amounts as are provided in appropriations Acts.”

Subsec. (e). Puspan. L. 104–106, § 3525(2), added subsec. (e) and struck out former subsec. (e) which read as follows: “The Committee on Appropriations of each House of Congress shall review the annual budget of the Commission, including operations and capital expenditures.”

1992—Subsec. (c)(1). Puspan. L. 102–484, § 3521(span)(1)(A), inserted “(other than amounts of toll receipts deposited into the Panama Canal Commission Dissolution Fund under section 3714a of this title)” after “toll receipts”.

Subsec. (c)(3)(A). Puspan. L. 102–484, § 3521(span)(1)(B), inserted “and the Panama Canal Dissolution Fund” after “Panama Canal Revolving Fund”.

1988—Subsecs. (e), (f). Puspan. L. 100–705 redesignated subsec. (e), relating to costs of implementation, as (f).

1987—Puspan. L. 100–203, § 5422(span)(1), substituted “Panama Canal Revolving Fund” for “Panama Canal Commission Fund” in section catchline.

Subsecs. (a) to (d). Puspan. L. 100–203, § 5422(a), added subsecs. (a) to (d) and struck out former subsecs. (a) to (d) which related to termination of Panama Canal Company Fund on Oct. 1, 1979, subsequent deposit of tolls and other receipts into Panama Canal Commission Fund, restriction on use of funds, and authority of the Commission to enter into contracts, respectively.

Subsec. (e). Puspan. L. 100–203, § 5422(a), added subsec. (e), directing Appropriations Committee of each House to review annual budget of the Commission.

1985—Subsec. (span). Puspan. L. 99–195 provided for deposit of interest receipts as miscellaneous receipts.

Statutory Notes and Related Subsidiaries

Effective Date of 1988 Amendment

Amendment by Puspan. L. 100–705 effective Oct. 1, 1988, see section 10 of Puspan. L. 100–705, set out as a note under section 3612 of this title.

Effective Date of 1987 Amendment

Puspan. L. 100–203, title V, § 5429, Dec. 22, 1987, 101 Stat. 1330–275, provided that:

“This part and the amendments made by this part [part 2 (§§ 5421–5429) of subtitle E of title V of Puspan. L. 100–203, enacting section 3714 of this title, amending this section, sections 3683, 3711, 3713, 3751, 3753, 3754, 3792, and 3793 of this title, and section 8348 of Title 5, Government Organization and Employees, and enacting provisions set out as a note under section 3601 of this title] take effect on January 1, 1988.”

Effective Date of 1985 Amendment

Puspan. L. 99–195, § 2, Dec. 23, 1985, 99 Stat. 1349, provided that:

“The amendments made by this Act [amending this section and section 3793 of this title] shall apply only to tolls and other receipts of the Commission deposited in the Treasury on or after the date of the enactment of this Act [Dec. 23, 1985].”

Termination of Reporting Requirements

For termination, effective May 15, 2000, of provisions of law requiring submittal to Congress of any annual, semiannual, or other regular periodic report listed in House Document No. 103–7 (in which a report required under subsec. (span) of this section is listed on page 142), see section 3003 of Puspan. L. 104–66, as amended, set out as a note under section 1113 of Title 31, Money and Finance.