Title 48 — Territories and Insular PossessionsRelease 119-73
§2198 Report on territorial debt
Title 48 › Chapter CHAPTER 20— - PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY › Subchapter SUBCHAPTER IV— - MISCELLANEOUS PROVISIONS › § 2198
Summary
The Comptroller General must give Congress a report on each territory’s public debt by one year after June 30, 2016, and then at least once every two years. The report must show past, current, and projected debt and revenue, the main causes of the debt, how federal laws and rules affect it, and whether each territory can repay. Each territory must provide any materials needed.
Full Legal Text
Title 48, §2198
Territories and Insular Possessions — Source: USLM XML via OLRC
(a)Not later than one year after June 30, 2016, and thereafter not less than once every two years, the Comptroller General of the United States shall submit to Congress a report on the public debt of each territory, including—
(1)the historical levels of each territory’s public debt, current amount and composition of each territory’s public debt, and future projections of each territory’s public debt;
(2)the historical levels of each territory’s revenue, current amount and composition of each territory’s revenue, and future projections of each territory’s revenue;
(3)the drivers and composition of each territory’s public debt;
(4)the effect of Federal laws, mandates, rules, and regulations on each territory’s public debt; and
(5)the ability of each territory to repay it’s 11 So in original. Probably should be “its”. public debt.
(b)The government of each territory shall make available to the Comptroller General of the United States all materials necessary to carry out this section.
Reference
Citations & Metadata
Citation
48 U.S.C. § 2198
Title 48 — Territories and Insular Possessions
Last Updated
Apr 6, 2026
Release point: 119-73