Title 48 — Territories and Insular Possessions
Chapter 20 — Puerto Rico Oversight, Management, and Economic Stability
§ 2147. Oversight Board authority related to debt issuance
Statutory text
For so long as the Oversight Board remains in operation, no territorial government may, without the prior approval of the Oversight Board, issue debt or guarantee, exchange, modify, repurchase, redeem, or enter into similar transactions with respect to its debt.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Puerto Rico Oversight, Management, and Economic Stability Act
Pub. L. 114–187 title II § 207 · 130 Stat. 549
Enacted · 48 U.S.C. § 2147
(Pub. L. 114–187, title II, § 207, June 30, 2016, 130 Stat. 575.)
Source evidence
Code source credit
(Pub. L. 114–187, title II, § 207, June 30, 2016, 130 Stat. 575.)Enacted provision · exact public law section
SEC. 207. OVERSIGHT BOARD AUTHORITY RELATED TO DEBT ISSUANCE. For so long as the Oversight Board remains in operation, no territorial government may, without the prior approval of the Oversight Board, issue debt or guarantee, exchange, modify, repurchase, redeem, or enter into similar transactions with respect to its debt.
1 of 1 references resolved to an enrolled provision