PUBLIC LAW 102-484—OCT. 23, 1992 106 STAT. 2657
- (4)(A) The Secretary of the Treasury shall invest excess
amounts in the Fund in public debt securities with maturities suitable to the needs of the Fund, as determined by the manager of the Fund. "(B) Securities invested under subparagraph (A) shall bear interest at rates determined by the Secretary of the Treasmy, taking into consideration current market yields on outstanding marketable obligations of the United States of comparable maturity. "(C) Interest earned on securities invested under subparagraph (A) shall be credited to and form part of the Fund. "(5) Amounts in the Fund may not be obligated or expended in any fiscal year unless the obligation or expenditure is specifically authorized by law. "(6) The Fund shall terminate on October 1, 2004. Amounts in the Fund on that date shall be deposited in the general fund of the Treasury of the United States.". (b) CONFORMING AMENDMENTS.— (1) AVAILABILITY OF TOLL RECEIPTS. — Section 1302(c) of the Panama Canal Act of 1979 (22 U.S.C. 3712(c)) is amended— (A) in paragraph (1), by inserting after "toll receipts" in the first sentence the following: "(other than amounts of toll receipts deposited into the Panama Canal Commission Dissolution Fund under section 1305)"; and (B) in paragraph (3)(A), by inserting "and the Panama Canal Dissolution Fund" after "Panama Canal Revolving Fund". (2) BASES OF TOLLS.— Section 1602(b) of the Panama Canal Act of 1979 (22 U.S.C. 3792(b)) is amended by striking "Panama Canal," and inserting "Panama Canal (including costs authorized to be paid from the Panama Canal Dissolution Fund under section 1305(c)),". (c) CLERICAL AMENDMENT.— The table of contents in section 1 of the Panama Canal Act of 1979 is amended by inserting after the item relating to section 1304 the following new item: "1305. Dissolution of Commission.". SEC. 3622. RECOMMENDATIONS BY PRESIDENT ON CHANGES TO PAN- AMA CANAL COMMISSION STRUCTURE. (a) REPORT.— The President shall conduct a study and, if warranted, develop a plan setting forth recommendations for such changes, if any, to the Panama Canal Commission for the operation of the Panama Canal during the period before the termination of the Panama Canal Treaty of 1977 as the President determines would facilitate and encourage the operation of the canal through an autonomous entity under the Government of Panama after the transfer of the canal on December 31, 1999, pursuant to the Panama Canal Treaty of 1977 and related agreements. The President shall submit the study and, if warranted, plan to Congress, together with a legislative proposal containing any changes to existing law required to implement the plan, not later than one year after the date of the enactment of this Act. (b) PREPARATION OF PLAN. —Recommendations to the President for purposes of the study and plan required by subsection (a) shall be prepared with the participation of a representative of each of the following: (1) The Secretary of State. (2) The Secretary of Defense. Termination date. 22 USC 3611 note. President.
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