If authorizing legislation described in [section 3712(b)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section3712/b/1&num=0&edition=prelim) has not been enacted for a fiscal year, then the Commission may withdraw funds from the Panama Canal Revolving Fund in order to defray emergency expenses and to ensure the continuous, efficient, and safe operation of the Panama Canal, including expenses for capital projects. The authority of this section may be exercised only until authorizing legislation described in [section 3712(b)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section3712/b/1&num=0&edition=prelim) is enacted, or for a period of 24 months after the end of the fiscal year for which such authorizing legislation was last enacted, whichever occurs first. Within 60 days after the end of any calendar quarter in which expenditures are made under this section, the Commission shall report such expenditures to the appropriate committees of the Congress.
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Stable record: federal_law:legal_authorities:record_usc_f9741c74a469b8fb8aa8a226 Source file: Laws/federal/codes/united-states-code/title-22/section-3714a-panama-canal-emergency-authority--31390f7808.md Pages: Not recorded – Not recorded Passage SHA-256: f019deb7d9a5fe8694927b8cb2c15389c2b11e76ebd948e838d071345450edae Retained source evidence SHA-256: 3010c4ab55d281b7b4459859bc78a4fa70327e9dd3670e741ddf3bcc8e04c46d
Source location: Title 22, Chapter 51, § 3714a; chapter-051-panama-canal.md
Stored source content
If authorizing legislation described in [section 3712(b)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section3712/b/1&num=0&edition=prelim) has not been enacted for a fiscal year, then the Commission may withdraw funds from the Panama Canal Revolving Fund in order to defray emergency expenses and to ensure the continuous, efficient, and safe operation of the Panama Canal, including expenses for capital projects. The authority of this section may be exercised only until authorizing legislation described in [section 3712(b)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section3712/b/1&num=0&edition=prelim) is enacted, or for a period of 24 months after the end of the fiscal year for which such authorizing legislation was last enacted, whichever occurs first. Within 60 days after the end of any calendar quarter in which expenditures are made under this section, the Commission shall report such expenditures to the appropriate committees of the Congress.
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Federal law — U.S. Code and appendices · legal_authorities
§ 3714a. Dissolution of Commission
(a) Study and report
(1) The Commission shall conduct a study of—
(A) the costs associated with the dissolution
of the Commission, including the composition,
location, and costs of the office authorized to
be established under subsection (b); and
(B) costs and liabilities incurred or adminis-
tered by the Commission that will not be paid
before the date of that dissolution.
(2) The Commission shall submit to the Con-
gress, by not later than September 30, 1996, a re-
port on the findings and conclusions of the study
under this subsection. The report shall include
an estimate of the period of time which may be
required to close out the affairs of the Commis-
sion after the termination of the Panama Canal
Treaty of 1977.
(b) Termination office
The Commission shall during fiscal year 1998
establish an office to close out the affairs of the
Commission that are still pending after the ter-
mination of the Panama Canal Treaty of 1977.
(c) Panama Canal Commission Dissolution Fund
(1) There is established in the Treasury of the
United States a fund to be known as the ‘‘Pan-
ama
Canal
Commission
Dissolution
Fund’’
(hereinafter in this section referred to as the
‘‘Fund’’). The Fund shall be managed by the
Commission until the termination of the Pan-
ama Canal Treaty of 1977 and by the office es-
tablished under subsection (b) thereafter.
(2)(A) Subject to paragraph (5), the Fund shall
be available after September 30, 1998, to pay—
(i) the costs of operating the office estab-
lished under subsection (b); and
(ii) the costs and liabilities associated with
dissolution of the Commission, including such
costs incurred or identified after the termi-
nation of the Panama Canal Treaty of 1977.
(B) Payments from the Fund ma