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Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
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| LegalText | 22 U.S.C. § 3714 | Borrowing authority | us | united_states_code | code_section | 22 | FOREIGN RELATIONS AND INTERCOURSE | 51 | PANAMA CANAL | 3714 | 22 U.S.C. § 3714 | current | 119-100 | 2026-06-26 | official | https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc22@119-100.zip | /us/usc/t22/s3714 | data/legal/raw/us/code/title-22/usc22.xml | c5c423336bb762714b9cfcf490890b2e84cbe357a2b39be1188e6c4996c8bfbb | b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 | 1e02529341a7f1920245cbf0aa96d511461b3461abf82010638e86c35b611ca9 | 2026-07-04 | official |
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22 U.S.C. § 3714 - Borrowing authority
Text
(a) Limitation on amount; issuance of notes and other obligations The Panama Canal Commission may borrow from the Treasury, for any of the purposes of the Commission, not more than $100,000,000 outstanding at any time. For this purpose, the Commission may issue to the Secretary of the Treasury its notes or other obligations—
(1) which shall have maturities (of not later than December 31, 1999) agreed upon by the Commission and the Secretary of the Treasury, and
(2) which may be redeemable at the option of the Commission before maturity.
(b) Restrictions on use Amounts borrowed under this section shall not be available for payments to Panama under Article XIII of the Panama Canal Treaty of 1977.
(c) Effect on investment interest in Panama Canal Amounts borrowed under this section shall increase the investment of the United States in the Panama Canal, and repayment of such amounts shall decrease such investment.
(d) Report to Congress The Commission shall report to the Congress and to the Office of Management and Budget on each exercise of borrowing authority under this section.
(Pub. L. 96–70, title I, § 1304, as added Pub. L. 100–203, title V, § 5424(a), Dec. 22, 1987, 101 Stat. 1330–273.)
Notes
Statutory Notes and Related Subsidiaries
Effective DateSection effective Jan. 1, 1988, see section 5429 of Pub. L. 100–203, set out as an Effective Date of 1987 Amendment note under section 3712 of this title.