Chapter III, Section Two

ORGANIC LAW PANAMA CANAL AUTHORITY
PANAMA LEGISLATIVE ASSEMBLY
LAW No. 19
(of June 11, 1997)
"WHEREBY THE PANAMA CANAL AUTHORITY IS ORGANIZED"

Chapter III - Patrimony, Finances, and Oversight,

Section Two - Payments to the National Treasury


Article 39. The Authority shall pay annually to the National Treasury fees per Panama Canal net ton, or its equivalent, collected from ships transiting the Canal, subject to the payment of tolls. These fees, as well as others it must pay, shall be set by the Authority and may not be less than those the Republic of Panama must receive for the same items as of December 31, 1999.

Section Three: Oversight, Exemptions, and Payments