Panama Canal Appropriations Authorization Act, Fiscal Year 1982

Panama Canal Appropriations Authorization Act, Fiscal Year 1982 - Authorizes appropriations from the Panama Canal Commission Fund for the use of the Panama Canal Commission for capital outlay and Commission expenses incurred under the Panama Canal Treaty of 1977 or the Panama Canal Act of 1979 for fiscal year 1982. Authorizes a specified amount of such authorized appropriations for fiscal year 1982 for facilities and equipment improvements. Permits initiation of individual projects subsequently approved by the Commission's Board provided the cost of such projects does not exceed the amount authorized.

Authorizes supplemental appropriations to: (1) pay for certain increases in employee benefits; (2) cover certain payments to Panama under the Panama Canal Treaty of 1977; and (3) pay for increased fuel expenses. Authorizes appropriations for payment to other Federal agencies for certain services provided by such agencies to Commission employees and their dependents.

Authorizes appropriations from the Commission Fund into the Panama Canal emergency fund.

Authorizes the Commission to incur obligations in advance of adequate receipts in the Commission Fund to the extent provided in advance in appropriation Acts.