Panama Canal Revolving Fund Act

Summary

Panama Canal Revolving Fund Act - Amends the Panama Canal Act of 1979 to establish in the Treasury a Panama Canal Revolving Fund (the Fund). Provides that the Fund shall consist of the balance of the Panama Canal Commission Fund, the balance of funds available to the Panama Canal Commission (the Commission), the balance of the Panama Canal Emergency Fund, and certain other Commission receipts. Authorizes the Commission to incur obligations to the extent of its assets and borrowing authority. Sets forth the borrowing authority of the Commission. Provides for the calculation and payment of interest to the Fund. Adds working capital requirements to the list of expenditures of the Commission. Provides insurance coverage for unpredictable events. Authorizes using tolls from the Panama Canal to pay for working capital requirements.

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Timeline

1. 5 June 1986

   Introduced

   Referred to House Committee on Merchant Marine and Fisheries.

   Source: IntroReferral

2. 5 June 1986

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 June 1986

   Introduced

   Introduced in House

   Source: IntroReferral

4. 11 June 1986

   Referred

   Referred to Subcommittee on Panama Canal and Outer Continental Shelf.

   Source: Committee

5. 11 June 1986

   Committee

   Executive Comment Requested from Treasury, State, Panama Canal Comm.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 5 June 1986

  Open at official source

Sponsors

• Rep. Lowry, Mike [D-WA-7] · D · Sponsor
• · hsmm00 · Standing

Related records

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