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International Affairs: Legislation To Implement the Panama Canal Treaty

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Report Type Reports and Testimonies
Report Date Feb. 26, 1979
Report No. 108657
Subject
Summary:

The fundamental organizational, accounting and financial issues surrounding implementation of the Panama Canal Treaty were reviewed. Debate over whether the New Panama Canal Commission should be organized as an executive government agency or as a government corporation under provisions of the Government Corporation Control Act was addressed. GAO believes that the business-type budgeting, accounting and auditing provisions of the Government Corporation Control Act would be more appropriate for the business of operating the Canal than operating it as an executive agency.

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