
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: 22USC3754]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
                        CHAPTER 51--PANAMA CANAL
 
              SUBCHAPTER I--ADMINISTRATION AND REGULATIONS
 
                       Part 3--Funds and Accounts
 
               subpart v--accounts with republic of panama
 
Sec. 3754. Congressional restraints on property transfers and 
        tax expenditures; formal apprisal of Panama
        
    (a) The Congress enacts this section in the exercise of its 
authority under Article IV, section 3, clause 2 of the Constitution of 
the United States to dispose of and make necessary rules and regulations 
with respect to property of the United States.
    (b) Prior to the transfer of property of the United States located 
in the Republic of Panama to the Republic of Panama pursuant to section 
3784 of this title the President shall formally advise the Government of 
Panama that--
        (1) in fulfilling its obligations under the Panama Canal Treaty 
    of 1977, the United States shall make no payments to the Republic of 
    Panama derived from tax revenues of the United States;
        (2) the United States retains full discretion and authority to 
    determine whether and the extent to which tax revenues of the United 
    States may be expended in exercising United States rights and 
    carrying out United States responsibilities under the Panama Canal 
    Treaty of 1977 and related agreements;
        (3) no tax revenues of the United States shall be made available 
    for obligations and expenditure after October 1, 1979, for purposes 
    of implementing the Panama Canal Treaty of 1977 and related 
    agreements, unless hereafter specifically approved by the Congress 
    through the authorization and appropriation process;
        (4) the total amount expended by the Commission from funds 
    available for the use of the Commission shall not exceed the total 
    amount deposited in the Panama Canal Revolving Fund; and
        (5) the foregoing paragraphs of this subsection do not apply to 
    expenditures made by the United States in fulfilling United States 
    obligations to transfer the remains of our honored dead from Mount 
    Hope Cemetery in the former Canal Zone to an appropriate and 
    dignified resting place in accordance with Reservation 3 to the 
    Treaty Concerning the Permanent Neutrality and Operation of the 
    Panama Canal.

(Pub. L. 96-70, title I, Sec. 1344, Sept. 27, 1979, 93 Stat. 484; Pub. 
L. 100-203, title V, Sec. 5428(c), Dec. 22, 1987, 101 Stat. 1330-274.)


                               Amendments

    1987--Subsec. (b)(4). Pub. L. 100-203 substituted ``available'' for 
``appropriated to or'' and ``Panama Canal Revolving Fund'' for ``Panama 
Canal Commission Fund''.


                    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.

                         Delegation of Functions

    Functions vested in President by subsec. (b) delegated to Secretary 
of State, see section 1-402 of Ex. Ord. No. 12215, May 27, 1980, 45 F.R. 
36044, set out as a note under section 3601 of this title.
