A bill to restructure the financing of the activities of the Saint Lawrence Seaway Development Corporation.
Saint Lawrence Seaway Development Corporation Refinancing Act of 1981 - Amends the Act establishing the Saint Lawrence Seaway Development Corporation to require such Corporation to pay excess revenues into the general fund of the Treasury.
States that the Corporation shall establish tolls so that the rate of return on the United States investment in the Saint Lawrence Seaway will be equal to the rate of return on the Canadian investment in the Seaway.
Terminates the balance owed by the Corporation from bonds issued to the Secretary of the Treasury.
Introduced in House
Introduced in House
Referred to House Committee on Public Works and Transportation.
Referred to Subcommittee on Water Resources.
Executive Comment Requested from OMB, St. Lawrence Seaway Dev Corp, Treasury.
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