A bill to restructure the financing of the activities of the Saint Lawrence Seaway Development Corp.
Saint Lawrence Seaway Development Corporation Refinancing Act - Requires the Saint Lawrence Seaway Development Corporation to deposit in the general fund of the Treasury within 180 days after the end of each calendar year toll revenues for such year which exceed the sum of operating and maintenance costs, depreciation, and payments in lieu of taxes during such year.
Stipulates that the rates imposed by the Corporation shall provide sufficient revenues in each calendar year to provide the Corporation with a rate of return of any investment of the United States in the Saint Lawrence Seaway which is equal to the rate of return receivable by the Saint Lawrence Seaway Authority of Canada on such investments by the Government of Canada.
Referred to House Committee on Public Works and Transportation.
Introduced in House
Introduced in House
Referred to House Committee on Public Works and Transportation.
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