PUBLIC LAW 96-70—SEPT. 27, 1979
93 STAT. 489
(2) certifying the state of compliance by the Republic of Panama with such Treaty and related agreements; and (3) setting forth the reasons for the conveyance being made at the particular time. (c) The Panama Canal, and such other property referred to in paragraph 2(d) of Article XIII of the Panama Canal Treaty of 1977 that has not been previously transferred in accordance with paragraphs 2(a), 2(b), and 2(c) of such Article, shall not be transferred to the Republic of Panama prior to December 31, 1999. CHAPTER 6—TOLLS FOR USE OF THE PANAMA CANAL PRESCRIPTION OF MEASUREMENT RULES AND RATES OF TOLLS
SEC. 1601. (a) The President is authorized, subject to the provisions 22 USC 3791. of this chapter, to 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 the use of the Canal, (b) Such rules of measurement and tolls prevailing on the effective date of this Act shall continue in effect until changed as provided in this chapter. BASES OF TOLLS
SEC. 1602. (a) Tolls on merchant vessels, army and navy transports, 22 USC 3792. colliers, tankers, hospital ships, supply ships, and yachts shall be based on net vessel tons of one hundred cubic feet each of actual earning capacity determined in accordance with the rules for the measurement of vessels for the Panama Canal, and tolls on other floating craft shall be based on displacement tonnage. The tolls on vessels in ballast without passengers or cargo may be less than the tolls for vessels with passengers or cargo. (b) Tolls shall be prescribed at rates calculated to produce revenues to cover as nearly as practicable all costs of maintaining and operating the Panama Canal, together with the facilities and appurtenances related thereto, including unrecovered costs incurred on or after the effective date of this Act, interest, depreciation, payments to the Republic of Panama pursuant to paragraph 5 of Article III and paragraph 4 (a) and (b) of Article XIII of the Panama Canal Treaty of 1977, and capital for plant replacement, expansion, and improvements. Tolls shall not be prescribed at rates calculated to produce revenues sufficient to cover payments to the Republic of Panama pursuant to paragraph 4(c) of Article XIII of the Panama Canal Treaty of 1977. (c) Vessels operated by the United States, including vessels of war United States and auxiliary vessels, and ocean-going training ships owned by the vessels. United States and operated by State nautical schools, shall pay tolls. (d) 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 treaty 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 Concerning Permanent Neutrality and Operation of the Panama Canal, between the United States of America and the Republic of Panama, signed September 7, 1977.
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