48 U.S.C. § 745a
Public improvement bonds sold to United States or agency thereof excluded from public indebtedness
United States · Title 48 — TERRITORIES AND INSULAR POSSESSIONS · Status: effective
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- Citation
- 48 U.S.C. § 745a, Public improvement bonds sold to United States or agency thereof excluded from public indebtedness, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/489258
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Full text
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.
Legislative history
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