FEDERAL · 48 U.S.C. · Chapter SUBCHAPTER II—RESPONSIBILITIES OF OVERSIGHT BOARD
Termination of Oversight Board
48 U.S.C. § 2149
Title48 — Territories and Insular Possessions
ChapterSUBCHAPTER II—RESPONSIBILITIES OF OVERSIGHT BOARD
This text of 48 U.S.C. § 2149 (Termination of Oversight Board) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
48 U.S.C. § 2149.
Text
An Oversight Board shall terminate upon certification by the Oversight Board that—
(1)the applicable territorial government has adequate access to short-term and long-term credit markets at reasonable interest rates to meet the borrowing needs of the territorial government; and
(2)for at least 4 consecutive fiscal years—
(A)the territorial government has developed its Budgets in accordance with modified accrual accounting standards; and
(B)the expenditures made by the territorial government during each fiscal year did not exceed the revenues of the territorial government during that year, as determined in accordance with modified accrual accounting standards.
Free access — add to your briefcase to read the full text and ask questions with AI
Related
Aurelius Inv., LLC v. Puerto Rico
915 F.3d 838 (First Circuit, 2019)
FOMB v. Pierluisi-Urrutia
(First Circuit, 2023)
Altair Global Credit Opportunities Fund (A), LLC v. United States
(Federal Claims, 2018)
Source Credit
History
(Pub. L. 114–187, title II, §209, June 30, 2016, 130 Stat. 576.)
Cite This Page — Counsel Stack
Bluebook (online)
48 U.S.C. § 2149, Counsel Stack Legal Research, https://law.counselstack.com/usc/48/2149.