§ 3715c. Final evaluation of Fund; deficiency or surplus in Fund
571 words·~3 min read·
/usc/title-22/section-3715cA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Final evaluation of Fund By March 31, 1998, the Secretary of Labor shall, on the basis of an actuarial study conducted by experts or consultants whose services are procured by the Secretary of Labor by contract, make a final determination of the amounts estimated to be necessary to meet expenditures for workers’ compensation benefits and other payments described in section 3715a(a) of this title, as calculated in accordance with the second sentence of section 3715a(b) of this title. Amounts in the Fund shall be used to pay for the final determination under this subsection.
(b)Deficiency or surplus in Fund If amounts in the Fund are not sufficient to meet expenditures as determined by the Secretary of Labor under subsection
(a)for workers’ compensation benefits and other payments described in section 3715a(a) of this title, then amounts in the Panama Canal Revolving Fund not otherwise obligated shall be transferred to the Fund to make up the deficiency. Any amounts remaining in the Fund in excess of the final determination amount as described in subsection
(a)shall be transferred to the Panama Canal Revolving Fund, and may be used to satisfy lawful obligations of the Revolving Fund arising on or before December 31, 1999.
(c)Continuity of Fund
(1)Amounts in the Fund (including amounts transferred as a result of the final determination made under subsection (a)) shall be maintained by the Secretary of the Treasury, shall be made available for transfer to the Employees’ Compensation Fund in such amounts as are requested by the Secretary of Labor pursuant to section 3715b of this title, and may be discontinued only in accordance with paragraph (2).
(2)At such time as the Secretary of Labor certifies that no further liability exists for workers compensation benefits or other payments described in section 3715a(a) of this title, the Secretary of the Treasury may discontinue the Fund in the manner provided by law.
(Pub. L. 100–705, § 5, Nov. 19, 1988, 102 Stat. 4686; Pub. L. 101–510, div. C, title XXXV, § 3507, Nov. 5, 1990, 104 Stat. 1847; Pub. L. 105–85, div. C, title XXXV, § 3545, Nov. 18, 1997, 111 Stat. 2072.)
Connections3 cite this · traces to 3
Cited by 3 sections
statutes-at-large
- Public Law 101–510To authorize appropriations for fiscal year 1991 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe personnel strengths for such fiscal year for the Armed Forces, and for other purposes
- Public Law 105–85To authorize appropriations for fiscal year 1998 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe personnel strengths for such fiscal year for the Armed Forces, and for other purposes
- Public Law 100–705To establish the Panama Canal Commission Compensation Fund to provide for the accumulation of funds to meet the Panama Canal Commission’s obligations under chapter 81 of title 5, United States Code, and for other purposes
Traces to 3 documents
12 references not yet in our index
- Pub. L. 100–705, § 5
- 102 Stat. 4686
- Pub. L. 101–510, div. C, title XXXV, § 3507
- 104 Stat. 1847
- Pub. L. 105–85, div. C, title XXXV, § 3545
- 111 Stat. 2072
- Pub. L. 105–85
- Pub. L. 101–510, § 3507(1)
- Pub. L. 101–510, § 3507(2)
- Pub. L. 101–510, § 3507(3)
- Pub. L. 101–510, § 3507(4)
- section 10 of Pub. L. 100–705
Citation graph
cites case law
§ 3715c
Final evaluation of Fund; deficiency or surplus in Fund
Stat.×3
Pub. L.Pub. L. 100–705, § 5
Stat.102 Stat. 4686
Pub. L.Pub. L. 101–510, div. C, title XXXV, § 3507
Stat.104 Stat. 1847
Pub. L.Pub. L. 105–85, div. C, title XXXV, § 3545
Cites 15 · showing 8Cited by 3 across 1 source