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22 U.S.C. § 3793 — Prescription of measurement rules and rates of tolls

Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 3793 — Prescription of measurement rules and rates of tolls

The Commission may, subject to the provisions of this chapter, prescribe and from time to time change— (1) the rules for the measurement of vessels for the Panama Canal; and (2) the tolls that shall be levied for use of the Panama Canal.

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Stable record: federal_law:legal_authorities:record_usc_6f490229656f56a3abb7e14c
Source file: Laws/federal/codes/united-states-code/title-22/section-3793-prescription-of-measurement-rules-and-rates-of-tolls--eda8e36d6e.md
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Passage SHA-256: 702ef1accdb267196bdc350b545e958dda5c8ec6e1bf468f9171a48dfeb098bd

Source location: Title 22, Chapter 51, § 3793; chapter-051-panama-canal.md

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The Commission may, subject to the provisions of this chapter, prescribe and from time to time change— (1) the rules for the measurement of vessels for the Panama Canal; and (2) the tolls that shall be levied for use of the Panama Canal.

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 3601 — Notification requirements

The Panama Canal Commission shall provide written advance notification to the Committee on Merchant Marine and Fisheries of the House of Representatives and the Committee on Armed Services of the Senate regarding— (1) any proposed change in the rates of tolls for use of the Panama Canal; (2) any payment estimated to be due the Republic of Panama under paragraph 4(c) of Article XIII of the Panama Canal Treaty of 1977, as provided by [section 3751 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section3751&num=0&edition=prelim); and (3) the initiation of any major capital acquisition or construction project exceeding $10,000,000 unless the proposed acquisition or project was included in the budget estimates submitted to Congress for the fiscal year in which the acquisition or project is to be undertaken.

Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 3601

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 3713 — Panama Canal Revolving Fund

**(a) Establishment** There is established in the Treasury of the United States a revolving fund to be known as “Panama Canal Revolving Fund”. The Panama Canal Revolving Fund shall, subject to subsection (b), be available to the Commission to carry out the purposes, functions, and powers authorized by this chapter, including for the following purposes: (1) The hire of passenger motor vehicles and aircraft. (2) Uniforms or allowances therefor. (3) Official receptions and representation expenses of the Board, the Secretary of the Commission, and the Administrator. (4) The operation of guide services. (5) A residence for the Administrator. (6) Disbursements by the Administrator for employee and community projects. (7) The procurement of expert and consultant services. (8) Promotional activities, including the preparation, distribution, or use of any kit, pamphlet, booklet, publication, radio, television, film, or other media presentation designed to promote the Panama Canal as a resource of the world shipping industry. (9) The purchase and transportation to the Republic of Panama of passenger motor vehicles, including large, heavy-duty vehicles. (10) Payment to the Panama Canal Authority, not later than the Canal Transfer Date, of such amount as is computed by the Commission to be the future amount of severance pay to be paid by the Panama Canal Authority to employees whose employment with the Authority is terminated, to the extent that such severance pay is attributable to periods of service performed with the Commission before the Canal Transfer Date (and assuming for purposes of such computation that the Panama Canal Authority, in paying severance pay to terminated employees, will provide for crediting of periods of service with the Commission). **(b) Tolls a

Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 3713

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 3723 — Accounting policies

**(a) Establishment and maintenance of accounts; specifications** The Commission shall establish and maintain its accounts pursuant to chapter 91 of title 31 and the provisions of this part. Such accounts shall specify all revenues received by the Commission, including tolls for the use of the Panama Canal, expenditures for capital replacement, expansion, and improvement, and all costs of maintenance and operation of the Panama Canal and of its complementary works, installations, and equipment, including depreciation, payments to the Republic of Panama under the Panama Canal Treaty of 1977, and interest on the investment of the United States calculated in accordance with [section 3793 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section3793&num=0&edition=prelim). **(b) Regulations establishing the basis of accounting for assets** The Commission may issue regulations establishing the basis of accounting for the assets which are made available for the use of the Commission. Such regulations may provide for depreciation of the net replacement value of the assets which will ultimately require replacement to maintain the service capacity of the Panama Canal. Such regulations may also provide that depreciation of such assets be recorded ratably over their service lives.

Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 3723

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 3753 — Payments to Republic of Panama

**(a) Payments required under Panama Canal Treaty; annual audit** The Commission shall pay to the Republic of Panama those payments required under paragraph 5 of Article III and paragraph 4 of Article XIII of the Panama Canal Treaty of 1977. Payments made under paragraph 5 of Article III of such Treaty shall be audited annually by the Comptroller General and any overpayment, as determined in accordance with Understanding (1) incorporated in the Resolution of Ratification of the Panama Canal Treaty (adopted by the United States Senate on April 18, 1978), for the services described in that paragraph which are provided shall be refunded by the Republic of Panama or set off against amounts payable by the United States to the Republic of Panama under paragraph 5 of Article III of the Panama Canal Treaty of 1977. **(b) Excess operating revenues** In determining whether operating revenues exceed expenditures for the purpose of payments to the Republic of Panama under paragraph 4(c) of Article XIII of the Panama Canal Treaty of 1977, such operating revenues in a fiscal period shall be reduced by (1) all costs of such period as shown by the accounts established pursuant to [section 3721 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section3721&num=0&edition=prelim), and (2) the cumulative sum from prior years (beginning with the year in which the Panama Canal Treaty of 1977 enters into force) of any excess of costs of the Panama Canal Commission over operating revenues. **(c) Retroactive taxation** The President shall not accede to any interpretation of paragraph 1 of Article IX of the Panama Canal Treaty of 1977 which would permit the Republic of Panama to tax retroactively organizations and businesses operating, and citizens of the Unite

Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 3753

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 3793 — Interest on investments

Page 1412 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 3793 1 So in original. pursuant to paragraph 4(c) of Article XIII of the Panama Canal Treaty of 1977. (c) Payment of tolls by vessels of United States Vessels operated by the United States, includ- ing vessels of war and auxiliary vessels, and ocean-going training ships owned by the United States and operated by State nautical schools, shall pay tolls. (d) Levy of tolls The levy of tolls is subject to the provisions of section 1 of Article III of the treaty between the United States of America and Great Britain signed November 18, 1901, of Article I of the trea- ty between the United States of America and the Republic of Colombia signed April 6, 1914, and of Articles II, III, and VI of the Treaty Con- cerning Permanent Neutrality and Operation of the Panama Canal, between the United States of America and the Republic of Panama, signed September 7, 1977. (Pub. L. 96–70, title I, § 1602, Sept. 27, 1979, 93 Stat. 489; Pub. L. 100–203, title V, § 5427, Dec. 22, 1987, 101 Stat. 1330–274; Pub. L. 102–484, div. C, title XXXV, §§ 3513, 3521(b)(2), Oct. 23, 1992, 106 Stat. 2655, 2657; Pub. L. 105–85, div. C, title XXXV, § 3544, Nov. 18, 1997, 111 Stat. 2072.) Editorial Notes AMENDMENTS 1997—Subsec. (a). Pub. L. 105–85 substituted ‘‘and sup- ply ships’’ for ‘‘supply ships, and yachts’’ and inserted at end ‘‘Tolls for small vessels (including yachts), as defined by the Commission, may be set at rates deter- mined by the Commission without regard to the pre- ceding provisions of this subsection.’’ 1992—Subsec. (a). Pub. L. 102–484, § 3513, inserted ‘‘, or its equivalent,’’ after ‘‘earning capacity’’. Subsec. (b). Pub. L. 102–484, § 3521(b)(2), substituted ‘‘Panama Canal (including costs authorized

Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 3793

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