99-28785. Canal Zone Postal Money Orders and Savings Certificates

[Federal Register Volume 64, Number 212 (Wednesday, November 3, 1999)]
[Notices]
[Page 59814]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-28785]


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PANAMA CANAL COMMISSION


Canal Zone Postal Money Orders and Savings Certificates

AGENCY: Panama Canal Commission.

ACTION: Notice.

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SUMMARY: The Panama Canal Commission (Commission) hereby provides 
notice the Commission and the U.S. Government will no longer be 
responsible for the distribution of any accumulated unpaid balances 
relating to Canal Zone postal-savings deposits, postal-savings 
certificates, and postal money orders.

DATES: This action shall become effective December 1, 1999.

FOR FURTHER INFORMATION CONTACT: Eva Chen, Manager, Accounting 
Division, Department of Financial Management, Telephone [phone]-
4727, Facsimile 011-507-272-3849.

SUPPLEMENTARY INFORMATION: When the Panama Canal Commission was created 
in 1979 by Public Law 96-70, approved September 27, 1979, Section 1331 
of that law transferred the responsibility for the management of the 
Postal Savings deposits, certificates and money orders to the 
Commission. Public Law 140-201, approved September 23, 1996, released 
the Commission from liability for unpaid balances due on postal-savings 
deposits and certificates and postal money orders effective December 1, 
1999.

(Authority: 22 U.S.C. 3741)

Therefore, under the authority of 22 U.S.C. 3741, the Panama Canal 
Commission hereby gives notice after December 1, 1999, it will no 
longer be liable for any unpaid balances due on postal-savings deposits 
and certificates and postal money orders presented for payment.

    Dated: October 13, 1999.
John L. Haines, Jr.,
General Counsel, Panama Canal Commission.
[FR Doc. 99-28785 Filed 11-2-99; 8:45 am]
BILLING CODE 3640-01-P