Panama Canal Commission Authorization Act, Fiscal Year 1987

[AI summary unavailable — showing source text] Panama Canal Commission Authorization Act, Fiscal Year 1987 - Authorizes funds to be appropriated from the Panama Canal Commission Fund to the Panama Canal Commission for FY 1987 for operating expenses, including a specified maximum amount for capital outlay. Authorizes additional appropriations for FY 1987 for increases in employee benefits, for payments to Panama, and for increased fuel costs. Amends the Merchant Marine Act, 1936 to authorize the Secretary of Transportation to permit up to six additional individuals from Panama to receive instruction at the Merchant Marine Academy. Requires the Secretary to insure that Panama will reimburse the Secretary for the cost of that instruction. Amends the Panama Canal Act of 1979 to exempt Panama Canal Commission appropriations from the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act).…