Saint Lawrence Seaway Development Corporation Refinancing Act

Summary

Saint Lawrence Seaway Development Corporation Refinancing Act - Requires the Saint Lawrence Seaway Development Corporation to deposit in the general fund of the Treasury within 180 days after the end of each calendar year toll revenues for such year which exceed the sum of operating and maintenance costs, depreciation, and payments in lieu of taxes during such year. Stipulates that the rates imposed by the Corporation shall provide sufficient revenues in each calendar year to provide the Corporation with a rate of return of any investment of the United States in the Saint Lawrence Seaway which is equal to the rate of return receivable by the Saint Lawrence Seaway Authority of Canada on such investments by the Government of Canada.

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1 official file

• Introduced in House

  summary · EN · 3 November 1977

  Open at official source

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