
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 22USC3713]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
                        CHAPTER 51--PANAMA CANAL
 
              SUBCHAPTER I--ADMINISTRATION AND REGULATIONS
 
                       Part 3--Funds and Accounts
 
                            subpart i--funds
 
Sec. 3713. Panama Canal emergency authority

    If authorizing legislation described in section 3712(b)(1) of this 
title 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 be exercised only until authorizing 
legislation described in section 3712(b)(1) of this title 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 quarter in which 
expenditures are made under this section, the Commission shall report 
such expenditures to the appropriate committees of the Congress.

(Pub. L. 96-70, title I, Sec. 1303, Sept. 27, 1979, 93 Stat. 478; Pub. 
L. 100-203, title V, Sec. 5423(a), (b)(1), Dec. 22, 1987, 101 Stat. 
1330-273; Pub. L. 104-106, div. C, title XXXV, Sec. 3529(2), Feb. 10, 
1996, 110 Stat. 642; Pub. L. 104-201, div. C, title XXXV, 
Sec. 3548(b)(2), Sept. 23, 1996, 110 Stat. 2869.)


                               Amendments

    1996--Pub. L. 104-201 substituted ``section 3712(b)(1)'' for 
``section 3712(c)(1)'' in two places.
    Pub. L. 104-106 struck out ``The authority of this section may not 
be used for administrative expenses.'' after ``capital projects.''
    1987--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.''


                    Effective Date of 1987 Amendment

    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.

                  Section Referred to in Other Sections

    This section is referred to in section 3712 of this title.
