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Federal law — U.S. Code and appendices · legal_authorities
There is established in the Treasury of the United States the Panama Canal Commission Compensation Fund (hereafter in this Act referred to as the “Fund”).
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 3715b
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Stable record: federal_law:legal_authorities:record_usc_7487afac2dd6ee010b13aabe
Source file: Laws/federal/codes/united-states-code/title-22/section-3715b-establishment-of-compensation-fund--6289bd8611.md
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Passage SHA-256: 09b74f979495a9baff483400c789b2d235835b48f2544419b61c5093e4003e51
Source location: Title 22, Chapter 51, § 3715b; chapter-051-panama-canal.md
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Federal law — U.S. Code and appendices · legal_authorities
**(a) References to Panama Canal Treaty of 1977 and related agreements** For purposes of this chapter— (1) references to the Panama Canal Treaty of 1977 refer to the Panama Canal Treaty between the United States of America and the Republic of Panama, signed September 7, 1977; and (2) references to the Panama Canal Treaty of 1977 and related agreements refer to the Panama Canal Treaty of 1977, the agreements relating to and implementing that Treaty, signed September 7, 1977, and the Agreement Between the United States of America and the Republic of Panama Concerning Air Traffic Control and Related Services, concluded January 8, 1979. **(b) Definitions** Subject to the provisions of subsection (c) of this section, for purposes of applying laws of the United States and regulations issued pursuant to such laws with respect to transactions, occurrences, or status on or after October 1, 1979— (1) “Canal Zone” shall be deemed to refer to the areas and installations in the Republic of Panama made available to the United States pursuant to the Panama Canal Treaty of 1977 and related agreements; (2) “Canal Zone waters” and “waters of the Canal Zone” shall be deemed to refer to “Panama Canal waters” and “waters of the Panama Canal”, respectively; (3) “Government of the Canal Zone” or “Canal Zone Government” shall be deemed to refer to the United States of America; (4) “Governor of the Canal Zone” or “Governor”, wherever the reference is to the Governor of the Canal Zone, shall be deemed to refer to the Panama Canal Commission; and (5) “Panama Canal Company” or “Company”, wherever the reference is to the Panama Canal Company, shall be deemed to refer to the Panama Canal Commission. **(c) Applicability of subsection (b)** Any reference set forth in subsection (b) of this se
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 3612
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Federal law — U.S. Code and appendices · legal_authorities
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
**(a) Final evaluation of Fund** By March 31, 1998, the Secretary of Labor shall, on the basis of an actuarial study conducted by experts or consultants whose services are procured by the Secretary of Labor by contract, make a final determination of the amounts estimated to be necessary to meet expenditures for workers’ compensation benefits and other payments described in [section 3715a(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section3715a/a&num=0&edition=prelim), as calculated in accordance with the second sentence of [section 3715a(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section3715a/b&num=0&edition=prelim). Amounts in the Fund shall be used to pay for the final determination under this subsection. **(b) Deficiency or surplus in Fund** If amounts in the Fund are not sufficient to meet expenditures as determined by the Secretary of Labor under subsection (a) for workers’ compensation benefits and other payments described in [section 3715a(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section3715a/a&num=0&edition=prelim), then amounts in the Panama Canal Revolving Fund not otherwise obligated shall be transferred to the Fund to make up the deficiency. Any amounts remaining in the Fund in excess of the final determination amount as described in subsection (a) shall be transferred to the Panama Canal Revolving Fund, and may be used to satisfy lawful obligations of the Revolving Fund arising on or before December 31, 1999. **(c) Continuity of Fund** (1) Amounts in the Fund (including amounts transferred as a result of the final determination made under subsection (a)) shall be maintained by the Secretary of the Treasury, shall be made av
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 3721
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Federal law — U.S. Code and appendices · legal_authorities
Page 1400 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 3715b ficient to defray the estimated total cost of li- ability for the workers’ compensation benefits and other payments payable under chapter 81 of title 5 for the disability or death of employees of the Panama Canal Commission or any of its predecessor agencies on account of injuries sus- tained on or before December 31, 1999, except for those claims arising before, on, or after October 1, 1988, for which the Secretary of Labor has as- sumed fiscal responsibility. (b) Calculation of amounts to be deposited The amounts deposited under subsection (a) shall be based upon periodic actuarial studies conducted by experts or consultants whose serv- ices are procured by the Panama Canal Commis- sion by contract. The amounts of such deposits shall take into consideration interest earnings in accordance with subsection (c) of this section and expected cost of living adjustments as pro- vided in section 8146a of title 5, but not amounts payable by the Commission for continuation of pay pursuant to section 8118 of such title. (c) Investment of amounts in Fund The Secretary of the Treasury, upon the re- quest of the Secretary of Labor, shall invest moneys in the Fund in public debt securities which shall bear interest at rates determined by the Secretary of the Treasury, taking into con- sideration the current average market yield on outstanding marketable obligations of the United States of comparable maturity. Such in- terest shall be credited to and form a part of the Fund. (Pub. L. 100–705, § 3, Nov. 19, 1988, 102 Stat. 4685.) Editorial Notes CODIFICATION Section was enacted as part of the Panama Canal Commission Compensation Fund Act of 1988, and not as part of the Panama Canal Act of 197
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 3715b
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