§ 3721. Accounting policies
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/usc/title-22/section-3721A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Establishment and maintenance of accounts; specifications The Commission shall establish and maintain its accounts pursuant to chapter 91 of title 31 and the provisions of this part. Such accounts shall specify all revenues received by the Commission, including tolls for the use of the Panama Canal, expenditures for capital replacement, expansion, and improvement, and all costs of maintenance and operation of the Panama Canal and of its complementary works, installations, and equipment, including depreciation, payments to the Republic of Panama under the Panama Canal Treaty of 1977, and interest on the investment of the United States calculated in accordance with section 3793 of this title.
(b)Regulations establishing the basis of accounting for assets The Commission may issue regulations establishing the basis of accounting for the assets which are made available for the use of the Commission. Such regulations may provide for depreciation of the net replacement value of the assets which will ultimately require replacement to maintain the service capacity of the Panama Canal. Such regulations may also provide that depreciation of such assets be recorded ratably over their service lives.
(Pub. L. 96–70, title I, § 1311, Sept. 27, 1979, 93 Stat. 479; Pub. L. 104–201, div. C, title XXXV, § 3541(a), Sept. 23, 1996, 110 Stat. 2866.)
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Cited by 5 sections
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- Public Law 104–201To authorize appropriations for fiscal year 1997 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 96–70To provide for the operation and maintenance of the Panama Canal under the Panama Canal Treaty of 1977, and for other purposes
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U.S. Code
6 references not yet in our index
- Pub. L. 96–70, title I, § 1311
- 93 Stat. 479
- Pub. L. 104–201, div. C, title XXXV, § 3541(a)
- 110 Stat. 2866
- Pub. L. 104–201
- 31 U.S.C. 65
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§ 3721
Accounting policies
Stat.×2
U.S.C.×2
Stat. Comp.×1
Pub. L.Pub. L. 96–70, title I, § 1311
Stat.93 Stat. 479
Pub. L.Pub. L. 104–201, div. C, title XXXV, § 3541(a)
Stat.110 Stat. 2866
Pub. L.Pub. L. 104–201
Cites 7 · showing 6Cited by 5 across 3 sources