Panama Canal Security Act of 1999

Panama Canal Security Act of 1999 - Directs that any accumulated unpaid balance required to be paid to the Republic of Panama by the Panama Canal Commission under terms of the Panama Canal Treaty of 1977 shall be payable only upon completion of an agreement that: (1) leases to the United States at least 50 percent of Howard Air Force Base in Panama, including all runways, air traffic control facilities, and adjacent hangars; and (2) grants the United States continued authority to ensure the proper disbursement and use of the balance paid.