Title 48 — Territories and Insular PossessionsRelease 119-73not60

§2198 Report on Territorial Debt

Title 48 › Chapter 20— PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY › Subchapter IV— MISCELLANEOUS PROVISIONS › § 2198

Last updated Apr 5, 2026|Official source

Summary

The Comptroller General must send Congress a report on each U.S. territory’s public debt by one year after June 30, 2016, and at least once every two years after that. The report must cover debt and revenue history, current amounts and makeup, future projections, what drives the debt, how Federal laws and rules affect it, and each territory’s ability to repay. Each territory’s government must give the Comptroller General all records and materials needed to prepare the report.

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 5, 2026

Release point: 119-73not60