Title 48, Territories and Insular PossessionsRelease 119-102
§2147 Oversight Board Authority Related to Debt Issuance
Title 48 › CHAPTER 20 — PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY › SUBCHAPTER II — RESPONSIBILITIES OF OVERSIGHT BOARD › § 2147
Summary
While the Oversight Board operates, a territory must get the Board's permission before issuing, changing, or otherwise dealing with its debt.
Full Legal Text
Title 48, §2147
Territories and Insular Possessions, Source: USLM XML via OLRC
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.
Reference
Citations & Metadata
Citation
48 U.S.C. § 2147
Title 48, Territories and Insular Possessions
Last Updated
Aug 21, 2026
Release point: 119-102