FEDERAL · 48 U.S.C. · Chapter 4
Public improvement bonds sold to United States or agency thereof excluded from public indebtedness
Current through Pub. L. 119-102
Bonds or other obligations of Puerto Rico or any municipal government therein, payable solely from revenues derived from any public improvement or undertaking (which revenues may include transfers by agreement or otherwise from the regular funds of the issuer in respect of the use by it of the facilities afforded by such improvement or undertaking), and issued and sold to the United States of America or any agency or instrumentality thereof, shall not be considered public indebtedness of the issuer within the meaning of section 745 of this title.
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48 U.S.C. § 745a (Public improvement bonds sold to United States or agency thereof excluded from public indebtedness) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
§ 745
48 U.S.C. § 745
Source Credit
History
(Aug. 13, 1935, ch. 516, 49 Stat. 611.)
Editorial Notes
Editorial Notes
Codification
Section was not enacted as part of the Puerto Rican Federal Relations Act which comprises this chapter.
Codification
Section was not enacted as part of the Puerto Rican Federal Relations Act which comprises this chapter.