§ 3713. Panama Canal emergency authority

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1979

   Panama Canal Act of 1979

   Pub. L. 96–70 title I § 1303 · 93 Stat. 452

   Enacted · 22 U.S.C. § 3713

   Pub. L. 96–70, title I, § 1303, Sept. 27, 1979, 93 Stat. 478

   Source evidence

   Code source credit
   Pub. L. 96–70, title I, § 1303, Sept. 27, 1979, 93 Stat. 478

   Enacted provision · exact public law section
   Sec. 1303. emergency fund (a) On the effective date of this Act, the Secretary of the Treasury shall establish and thereafter shall maintain in the Treasury a fund to be known as the “Panama Canal Emergency Fund”. There are authorized to be appropriated for deposit in such Fund (1) for the fiscal year beginning on October 1, 1979, $40,000,000, and (2) for any fiscal year beginning on or after October 1, 1980, such additional sums as may be specifically authorized by law for such fiscal year. (b) The Commission may make withdrawals from the Panama Canal Emergency Fund by check in order to defray emergency expenses and to insure the continuous, efficient, and safe operation of the Panama Canal, if funds appropriated for the operation and maintenance of the Canal are insufficient for such purposes. Any withdrawal from such Fund to cover increased costs attributable to unprogrammed increases in traffic may not be made in amounts greater than the revenues from such increased traffic. Such Fund shall not be available for payments to Panama under Article XIII of the Panama Canal Treaty of 1977. Any withdrawal from such fund or expenditure made under this subsection shall be reported forthwith by the Commission to the Congress and to the Office of Management and Budget.

2. 1987

   Pub. L. 100–203 title V § 5423(a) · 101 Stat. 1330

   1. Substituted · 22 U.S.C. § 3713

      Pub. L. 100–203 substituted “authority” for “Fund” in section catchline

   2. Amended · 22 U.S.C. § 3713

      Pub. L. 100–203 amended text generally. Prior to amendment, text read as follows:

   Source evidence

   Code amendment note
   Pub. L. 100–203 substituted “authority” for “Fund” in section catchline and amended text generally. Prior to amendment, text read as follows:

   “(a) On October 1, 1979, the Secretary of the Treasury shall establish and thereafter shall maintain in the Treasury a fund to be known as the ‘Panama Canal Emergency Fund’. There are authorized to be appropriated for deposit in such Fund (1) for the fiscal year beginning on October 1, 1979, $40,000,000, and (2) for any fiscal year beginning on or after October 1, 1980, such additional sums as may be specifically authorized by law for such fiscal year. “(b) The Commission may make withdrawals from the Panama Canal Emergency Fund by check in order to defray emergency expenses and to insure the continuous, efficient, and safe operation of the Panama Canal, if funds appropriated for the operation and maintenance of the Canal are insufficient for such purposes. Any withdrawal from such Fund to cover increased costs attributable to unprogrammed increases in traffic may not be made in amounts greater than the revenues from such increased traffic. Such Fund shall not be available for payments to Panama under Article XIII of the Panama Canal Treaty of 1977. Any withdrawal from such fund or expenditure made under this subsection shall be reported forthwith by the Commission to the Congress and to the Office of Management and Budget.”

   Enacted provision · exact public law section
   (a) Grant of Authority.— Section 1303 (22 U.S.C. 3713) is amended to read as follows: “Sec. 1303. If authorizing legislation described in section 1302(c)(1) has not been enacted for a fiscal year, then the Commission may withdraw funds from the Panama Canal Revolving Fund in order to defray emergency expenses and to ensure the continuous, efficient, and safe operation of the Panama Canal, including expenses for capital projects. The authority of this section may not be used for administrative expenses. The authority of this section may be exercised only until authorizing legislation described in section 1302(c)(1) is enacted, or for a period of 24 months after the end of the fiscal year for which such authorizing legislation was last enacted, whichever occurs first. Within 60 days after the end of any calendar Reports. quarter in which expenditures are made under this section, the Commission shall report such expenditures to the appropriate committees of the Congress.”.

   Effective date note
   Amendment by Pub. L. 100–203 effective Jan. 1, 1988, see section 5429 of Pub. L. 100–203, set out as a note under section 3712 of this title.

3. 1996

   Panama Canal Amendments Act of 1995

   Pub. L. 104–106 div. C title XXXV § 3529(2) · 110 Stat. 186

   Struck · 22 U.S.C. § 3713

   Pub. L. 104–106 struck out “The authority of this section may not be used for administrative expenses.” after “capital projects.”

   Target inherited from the preceding amendment note.

   Source evidence

   Code amendment note
   Pub. L. 104–106 struck out “The authority of this section may not be used for administrative expenses.” after “capital projects.”

   Enacted provision · exact public law section
   (2) in section 1303 (22 U.S.C. 3713), by striking out “The authority of this section may not be used for administrative expenses.”;

4. 1996

   Panama Canal Act Amendments of 1996

   Pub. L. 104–201 div. C title XXXV § 3548(b)(2) · 110 Stat. 2422

   Substituted · 22 U.S.C. § 3713

   Pub. L. 104–201 substituted “section 3712(b)(1)” for “section 3712(c)(1)” in two places

   Source evidence

   Code amendment note
   Pub. L. 104–201 substituted “section 3712(b)(1)” for “section 3712(c)(1)” in two places.

   Enacted provision · exact public law section
   (2) Section 1303 (22 U.S.C. 3713) is amended by striking out “section 1302(c)(1)” both places it appears and inserting in lieu thereof “section 1302(b)(1)”.

5 of 5 references resolved to an enrolled provision