Title 48 — Territories and Insular PossessionsRelease 119-73
§915 Bonds as public debt
Title 48 › Chapter CHAPTER 4— - PUERTO RICO › Subchapter SUBCHAPTER VII— - LOW RENT HOUSING PROJECTS AND ELIMINATION OF SUB-STANDARD HOUSING › § 915
Full Legal Text
Title 48, §915
Territories and Insular Possessions — Source: USLM XML via OLRC
Such bonds shall not be a debt of Puerto Rico or any municipality, and shall not constitute a public indebtedness within the meaning of section 3 of the Act of Congress approved March 2, 1917, entitled “An Act to provide a civil government for Porto Rico, and for other purposes”, as amended.
Legislative History
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Editorial Notes
References in Text
section 3 of the Act of Congress approved March 2, 1917, referred to in text, is section 3 of act Mar. 2, 1917, ch. 145, 39 Stat. 953. The provisions of section 3 of the Act limiting the public indebtedness of Puerto Rico and of certain municipalities thereof were contained in section 745 of this title, prior to the amendment made to that section by Pub. L. 87–121, § 1, Aug. 3, 1961, 75 Stat. 245, which struck out those provisions. See 1961 Amendment note under section 745 of this title. Codification Section was not enacted as part of the Puerto Rican Federal Relations Act which comprises this chapter.
Reference
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Citation
48 U.S.C. § 915
Title 48 — Territories and Insular Possessions
Last Updated
Apr 6, 2026
Release point: 119-73