A bill to increase the borrowing authority of the Panama Canal Company and revise the method of computing interest thereon.
PL 93-607 (H.R.14600), enacted 01/02/1975

1966 
PUBUC LAW 93-606-JAN. 2, 1975 
[88 
STAT. 
46 u s e 804. 
46 u s e 804 
note. 
Rules and 
regulations. 
SEC. 2. (a) The Shipping Act, 1916, as amended (46U.S.C. 801-842), 
is amended by inserting a new section 3 to read as follows: 
"SEC. 3. Notwithstanding part III of the Interstate Commerce Act, 
as amended (49 IJ.S.C. 901 et seq.), or any other provision of law, 
rates and charges for the barging and affreighting of containers or 
containerized cargo by barge between points in the United States, 
shall be filed solely with the Federal Maritime Commission in accord-
ance with rules and regulations promulgated by the Commission where 
(a) the cargo is moving between a point in a foreign country or a non-
contiguous State, territory, or possession and a point in the United 
States, (b) the transportation by barge between points in the United 
States is furnished by a terminal operator as a service substitute in 
lieu of a direct vessel call by the common carrier by water transporting 
the containei-s or containerized cargo under a through bill of lading, 
(c) such terminal operator is a Pacific Slope State, municipality, or 
other public body or agency subject to the jurisdiction of the Federal 
Maritime Commission, and the only one furnishing the particular 
circumscribed barge service in question as of the date of enactment 
hereof, and (d) such terminal operator is in compliance with the rules 
and regulations of the Federal Maritime Commission for the opera-
tion of such barge service. The terminal operator providing such 
services shall be subject to the provisions of the Shipping Act, 1916.". 
(b) Within one hundred and twenty days after enactment of this 
Act, the Federal Maritime Commission shall promulgate rules and 
regulations for the barge operations described in the amendment made 
by the first section of this Act. Such rules shall provide that the rates 
charged shall be based upon factors normally considered by a regular 
commercial operator in the same service. 
Approved January 2, 1975. 
January 2, 1975 
[H.R. 13022] 
Public Law 93-606 
AN A C T 
To amend the Act of September 2, 1960, as amended, so as to authorize different 
minimum grade standards for paclcages of grapes and plums exported to 
different destinations. 
Grapes and 
plums. 
7 u s e 591. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assemhled^ That section 1 of 
the Act of September 2, 1960, as amended (74 Stat. 734), is amended 
by inserting in the first sentence thereof "and destination'' immedi-
ately following the words "such variety'- and "to such destination" 
at the end of such sentence. 
Approved January 2, 1975. 
January 2, 1975 
[H. R.14600] 
Public Law 93-607 
AN ACT 
To increase the borrowing authority of the Panama Canal Company and revise 
the method of computing interest thereon. 
Panama eanal 
Company. 
Borrowing au-
thority, increase. 
Interest rate. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That section 71 of 
title 2 of the Canal Zone Code is amended as follows: 
(1) By striking out from the first sentence "$10,000,000" and insert-
ing in lieu thereof "$40,000,000". 
(2) By striking out the third sentence and inserting in lieu thereof 
"Such notes or other obligations shall bear interest at a rate deter-
mined by the Secretary of the Treasury, taking into consideration the 
88 STAT. ] 
PUBLIC LAW 93-608-JAN. 2, 1975 
1967 
average market yield on outstanding marketable obligations of the 
United States of comparable maturities during the month preceding 
the issuance of the notes or other obligations.". 
Approved January 2, 1975. 
Public Law 93-608 
AN ACT 
To discontinue or modify certain reporting requirements of la\A'. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress^ assembled^ That certain pro-
visions of law, which relate to the submission of reports to Congress m^'dffTcrtions and' 
or other Government authorities, are repealed as follows: 
repeals. 
January 2, 1975 
[H. R.14718] 
Reporting re-
REP0RT8 UNDER MORE TIIAX ONE AGENCY 
(1) Section 3 of the Act entitled "An Act to authorize the expendi-
ture of funds through grants for support of scientific research, and 
for other purposes", approved September 6, 1958 (72 Stat. l'^9'>; 42 
U.S.C. 1893), is repealed, thereby eliminating the annual report 
under such Act to the appropriate committees of both Houses of 
Conq:ress concerning grants for basic scientific research. 
(2) Section 7 of the Act entitled "An Act to authorize the Secretary 
of the Interior to construct facilities to provide water for irrigation, 
municipal, domestic, militarv, and other uses from the Santa Mar-
garita River, California, and for other purposes", approved July 28, 
1954 (68 Stat. 578), is repealed, thereby eliminating the report from 
time to time to the Congress, by the Attorney General, the Secretary 
of the Interior, and the Secretary of the Navy, concerning the condi-
tions specified in section 1 of such Act involving facilities to provide 
water for irrigation and other uses from the Santa Margarita River, 
California. 
Repeal. 
Repeal. 
REPORTS UNDER T H E DEPARTMENT OF COMMERCE 
(3) Subsection (b) of the first section of the Act entitled "An Act 
to provide basic authority for the performance of certain functions 
and activities of the Department of Commerce, and for other pur-
poses", approved October 26, 1949 (63 Stat. 908; 15 U.S.C. 1514(b)), 
is amended by striking out ": Provided'''' and all that follows there-
after to the end of such subsection and inserting in lieu thereof a semi-
colon, thereby eliminating the annual report to Congress showing total 
expenditures under such Act for food and other subsistence supplies 
for resale to employees of the Department of Commerce and other 
Federal agencies, and their dependents, in Alaska and other points 
outside of the continental United States, and the proceeds from such 
resales. 
(4) Chapter 256 of the Act entitled "An Act authorizing the 
Superintendent of the Coast and Geodetic Survey, subject to the 
approval of the Secretary of Commerce, to consider, ascertain, adjust, 
and determine claims for damage occasioned by acts for which said 
survey is responsible in certain cases", approved June 5, 1920 (41 
Stat. 1054; 33 U.S.C. 853), is amended by striking out ", and report the 
amounts so ascertained and determined to be due the claimants to 
Congress at each session thereof through the Treasury Department 
for payment as legal claims out of appropriations that may be made 
by Congress therefor." and inserting in lieu thereof a period, thereby 
eliminating the annual report to Congress, through the Treasury 
Department, of claims not to exceed $500 settled under such Act, and 
Annual 
to Congre 
ination. 
reports 
s s , elim-