22 U.S.C. § 3781 — Assets and liabilities of Panama Canal

Page 1410 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 3779 Executive Documents DELEGATION OF FUNCTIONS Functions vested in President by this section dele- gated to Secretary of Defense, see section 1–303 of Ex. Ord. No. 12215, May 27, 1980, 45 F.R. 36044, set out as a note under section 3601 of this title. § 3779. Insurance (a) The Commission is authorized to purchase insurance to protect the Commission against major and unpredictable revenue losses or ex- penses arising from catastrophic marine acci- dents or other unpredictable events. (b)(1) The Commission may by regulation re- quire as a condition of transit through the Pan- ama Canal or presence in the Panama Canal or waters adjacent thereto that any potential claimant under section 3771 or 3772 of this title be covered by insurance against the types of in- juries described in those sections. The amount of insurance so required shall be specified in those regulations, but may not exceed $1,000,000. (2) In a claim under section 3771 or 3772 of this title for which the Commission has required in- surance under this subsection, the Commission’s liability shall be limited to the amount of dam- ages in excess of the amount of insurance re- quired by the Commission. (3) In regulations under this subsection, the Commission may prohibit consideration or pay- ment by it of claims presented by or on behalf of an insurer or subrogee of a claimant in a case for which the Commission has required insur- ance under this subsection. (Pub. L. 96–70, title I, § 1419, as added Pub. L. 99–209, § 6(a), Dec. 23, 1985, 99 Stat. 1717; amended Pub. L. 100–203, title V, § 5414, Dec. 22, 1987, 101 Stat. 1330–270; Pub. L. 105–261, div. C, title XXXV, § 3509(b), Oct. 17, 1998, 112 Stat. 2270.) Editorial Notes AMENDMENTS 1998—Pub. L. 105–261 designated existing provisions as subsec. (a) and added subsec. (b). 1987—Pub. L. 100–203 inserted ‘‘or other unpredictable events’’ after ‘‘marine accidents’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section applicable to any claim arising on or after Dec. 23, 1985, see section 7(b)(1) of Pub. L. 99–209, set out as an Effective Date of 1985 Amendment note under sec- tion 3771 of this title. PART 5—PUBLIC PROPERTY § 3781. Assets and liabilities of Panama Canal Company All property and other assets of the Panama Canal Company shall revert to the United States on October 1, 1979, and, except as other- wise provided by law, the United States shall as- sume the liabilities, including contractual obli- gations, of the Panama Canal Company then outstanding. The Commission may use such property, facilities, and records of the Panama Canal Company as are necessary to carry out its functions. (Pub. L. 96–70, title I, § 1501, Sept. 27, 1979, 93 Stat. 487.) § 3782. Transfers and cross-servicing between agencies (a) Transfers of facilities, buildings, structures, improvements, stocks and equipment located in the Republic of Panama In the interest of economy and maximum effi- ciency in the utilization of property and facili- ties of the United States, there are authorized to be transferred between departments and agen- cies of the United States, with or without reim- bursement, such facilities, buildings, structures, improvements, stock, and equipment located in the Republic of Panama, and used for their ac- tivities therein, as may be mutually agreed upon by the departments and agencies involved and approved by the President of the United States or his designee. (b) Cross-servicing agreements The Commission may enter into cross-serv- icing agreements with any other department or agency of the United States for the use of facili- ties, furnishing of services, or performance of functions. (c) Transfer of records to Government of Repub- lic of Panama The Commission, any department or agency of the United States, or any United States court in the Republic of Panama is authorized to trans- fer to the Government of the Republic of Pan- ama any record of such Commission, depart- ment, agency, or court, or copy thereof, includ- ing any record acquired from the Canal Zone Government or Panama Canal Company (includ- ing any vital statistics record), to any other de- partment, agency, or court of the United States if such action is determined by the Commission, the head of the department or agency concerned, or the judge of the court concerned to be in the interest of the United States. Transfer of any record or copy thereof under this section to the Government of the Republic of Panama shall be made under the coordination of and with the ap- proval of the United States Ambassador to the Republic of Panama. (d) Applicability to Smithsonian Institution The provisions of this section shall apply to the Smithsonian Institution. (Pub. L. 96–70, title I, § 1502, Sept. 27, 1979, 93 Stat. 488.) Executive Documents DELEGATION OF FUNCTIONS Functions vested in President by subsec. (a) of this section delegated to Secretary of Defense, see section 1–106 of Ex. Ord. No. 12215, May 27, 1980, 45 F.R. 36043, set out as a note under section 3601 of this title. § 3783. Disposition of property of United States No property of the United States located in the Republic of Panama may be disposed of ex- cept pursuant to law enacted by the Congress. (Pub. L. 96–70, title I, § 1503, Sept. 27, 1979, 93 Stat. 488.)