Page:United States Statutes at Large Volume 110 Part 1.djvu/662

 110 STAT. 638 PUBLIC LAW 104-106—FEB. 10, 1996 SEC. 3503. EXPENDITURES IN ACCORDANCE WITH OTHER LAWS. Expenditures authorized under this subtitle may be made only in accordance with the Panama Canal Treaties of 1977 and any law of the United States implementing those treaties. Panama Canal Subtltle B—Reconstitution of Commissioii Amendments Act ^^ jy^ j• of 1995. as Government Corporation 22 USC 3601 SEC. 3521. SHORT TITLE. This subtitle may be cited as the "Panama Canal Amendments Act of 1995". SEC. 3522. RECONSTITUTION OF COMMISSION AS GOVERNMENT COR- PORATION. (a) IN GENERAL. —Section 1101 of the Panama Canal Act of 1979 (22 U.S.C. 3611) is amended to read as follows: "ESTABLISHMENT, PURPOSES, OFFICES, AND RESIDENCE OF COMMISSION "SEC 1101. (a) For the purposes of managing, operating, and maintaining the Panama Canal and its complementary works, installations and equipment, and of conducting operations incident thereto, in accordance with the Panama Canal Treaty of 1977 and related agreements, the Panama Canal Commission (hereinafter in this Act referred to as the 'Commission') is established as a wholly owned government corporation (as that term is used in chapter 91 of title 31, United States Code) within the executive branch of the Government of the United States. The authority of the President with respect to the Commission shall be exercised through the Secretary of Defense. "(b) The principal office of the Commission shall be located in the Republic of Panama in one of the areas made available for use of the United States under the Panama Canal Treaty of 1977 and related agreements, but the Commission may establish branch offices in such other places as it considers necessary or appropriate for the conduct of its business. Within the meaning of the laws of the United States relating to venue in civil actions, the Commission is an inhabitant and resident of the District of Columbia and the eastern judicial district of Louisiana.". (b) CLERICAL AMENDMENT.— The item relating to such section in ths table of contents in section 1 of such Act is amended to read as follows: " 1101. Establishment, Purposes, Offices, and Residence of Commission.". SEC. 3523. SUPERVISORY BOARD. Section 1102 of the Panama Canal Act of 1979 (22 U.S.C. 3612) is amended by striking out so much as precedes subsection (b) and inserting in lieu thereof the following: "S UPERVISORY BOARD "SEC 1102. (a) The Commission shall be supervised by a Board composed of nine members, one of whom shall be the Secretary of Defense or an officer of the Department of Defense designated by the Secretary. Not less than five members of the Board shall be nationals of the United States and the remaining members

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