Oversight Board authority related to debt issuance
About This Law
/us/usc/t48/s2147
Title
48 — Territories and Insular Possessions
Chapter
CH20
Release
119-84
Release Date
2026-04-17
Section Text
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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.
(Pub. L. 114–187, title II, § 207, June 30, 2016, 130 Stat. 575.)
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