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22 U.S.C. § 3795 — Interest on investments
Federal law — U.S. Code and appendices · legal_authorities
**(a) Calculation of interest** For purposes of sections 3721 and 3792 of this title, interest shall be computed, at a rate determined by the Secretary of the Treasury, on the investment of the United States in the Panama Canal as shown in the accounts of the Panama Canal Company at the close of business on the day preceding October 1, 1979, and as adjusted in accordance with subsections (b) and (c) of this section. Capital investment for interest purposes shall not include any interest during construction.
**(b) Increases and decreases in investment of United States** The investment of the United States described in subsection (a) of this section—
(1) shall be increased by—
(A) the amount of expenditures from the Panama Canal Revolving Fund,,11 So in original. and
(B) the value of property transferred to the Commission by any other department or agency of the United States, as determined in accordance with subsection (c) of this section; and
(2) shall be decreased by—
(A) the amount of the funds deposited in the Panama Canal Revolving Fund,
(B) the value of property transferred to the Republic of Panama pursuant to this chapter or any other Act on or after October 1, 1979, and
(C) the value of property transferred by the Commission to any other department or agency of the United States.
**(c) Value of property transferred to Commission** The value of property transferred to the Commission by any other department or agency of the United States shall be determined by the Director of the Office of Management and Budget. In computing such value, such Director shall give due consideration to the cost and probable earning power of the transferred property, or the usable value to the Commission if clearly less than cost, and shall make adequate provisions f
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Source file: Laws/federal/codes/united-states-code/title-22/section-3795-interest-on-investments--839212d1cb.md
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Source location: Title 22, Chapter 51, § 3795; chapter-051-panama-canal.md
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**(a) Calculation of interest** For purposes of sections 3721 and 3792 of this title, interest shall be computed, at a rate determined by the Secretary of the Treasury, on the investment of the United States in the Panama Canal as shown in the accounts of the Panama Canal Company at the close of business on the day preceding October 1, 1979, and as adjusted in accordance with subsections (b) and (c) of this section. Capital investment for interest purposes shall not include any interest during construction.
**(b) Increases and decreases in investment of United States** The investment of the United States described in subsection (a) of this section—
(1) shall be increased by—
(A) the amount of expenditures from the Panama Canal Revolving Fund,,11 So in original. and
(B) the value of property transferred to the Commission by any other department or agency of the United States, as determined in accordance with subsection (c) of this section; and
(2) shall be decreased by—
(A) the amount of the funds deposited in the Panama Canal Revolving Fund,
(B) the value of property transferred to the Republic of Panama pursuant to this chapter or any other Act on or after October 1, 1979, and
(C) the value of property transferred by the Commission to any other department or agency of the United States.
**(c) Value of property transferred to Commission** The value of property transferred to the Commission by any other department or agency of the United States shall be determined by the Director of the Office of Management and Budget. In computing such value, such Director shall give due consideration to the cost and probable earning power of the transferred property, or the usable value to the Commission if clearly less than cost, and shall make adequate provisions for depreciation, obsolescence, and other determinable decreases in value. Insofar as practicable, the value of such transferred property shall exclude any portion of such value properly allocable to national defense.
**(d) Payment and deposit of interest** The Panama Canal Commission shall pay to the Treasury of the United States interest on the investment of the United States, as determined under this section. Such interest shall be deposited in the general fund of the Treasury.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Applicability of chapter 71 of title 5** Nothing in this chapter shall be construed to affect the applicability of chapter 71 of title 5, relating to labor-management and employee relations, with respect to the Commission or the operations of any other Executive agency conducted in that area of the Republic of Panama which, on September 30, 1979, was the Canal Zone, except that in applying those provisions—
(1) the definition of “employee” shall be applied without regard to clause (i) of section 7103(a)(2) of such title 5 which relates to nationality and citizenship;
(2) a unit shall be considered to be appropriate notwithstanding the fact that it includes any supervisor if that supervisor’s position (or type of position) was, before October 1, 1979, represented before the Panama Canal Company by a labor organization that included employees who were not supervisors; and
(3) any negotiated grievance procedures under [section 7121 of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section7121&num=0&edition=prelim), including any provisions relating to binding arbitration, shall, with respect to any personnel action to which subchapter II of chapter 75 of such title applies (as determined under section 7512 of such title), be available to the same extent and in the same manner as if employees of the Panama Canal Commission were not excluded from such subchapter under section 7511(b)(8) of such title.
**(b) United States laws applicable** Labor-management and employee relations of the Commission, other Executive agencies, and the Smithsonian Institution, their employees, and organizations of those employees, in connection with operations conducted in that area of the Republic of Panama which, on September 30, 1979, was the Canal Zone,
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 3712
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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
It is the purpose of this chapter to provide legislation necessary or desirable for the implementation of the Panama Canal Treaty of 1977 between the United States of America and the Republic of Panama and of the related agreements accompanying that Treaty.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 3611
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Federal law — U.S. Code and appendices · legal_authorities
Page 1413
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 3795
Statutory Notes and Related Subsidiaries
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.
EFFECTIVE DATE OF 1985 AMENDMENT
Amendment by Pub. L. 99–195 applicable only to tolls
and other receipts of the Commission deposited in the
Treasury on or after Dec. 23, 1985, see section 2 of Pub.
L. 99–195, set out as a note under section 3712 of this
title.
§ 3794. Procedures
(a) Publication of notice of proposed changes in
rules of measurement and rates of tolls in
Federal Register; participation by interested
parties; availability of analysis
The Commission shall publish in the Federal
Register notice of any proposed change in the
rules of measurement or rates of tolls referred
to in section 3791 of this title. The Commission
shall give interested parties an opportunity to
participate in the proceedings through submis-
sion of written data, views, or arguments, and
participation in a public hearing to be held not
less than 30 days after the date of publication of
the notice. The notice shall include the sub-
stance of the proposed change and a statement
of the time, place, and nature of the pro-
ceedings. At the time of publication of such no-
tice, the Commission shall make available to
the public an analysis showing the basis and jus-
tification for the proposed change, which, in the
case of a change in rates of tolls, shall indicate
the conformity of the existing and proposed
rates of tolls with the requirements of section
3792 of this title, and the Commission’s adher-
ence to the requirement for full consideration of
the following factors set forth in Underst
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 3795
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