Title 48, Territories and Insular PossessionsRelease 119-110

§2198 Report on Territorial Debt

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

Last updated Sep 23, 2026|Official source

Summary

The Comptroller General of the United States must send Congress a report about each territory’s public debt. No later than 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 and makeup of the debt; how Federal laws and rules affect the debt; and each territory’s ability to repay. Each territory’s government must give the Comptroller General any materials needed to prepare the report.

Full Legal Text

Title 48, §2198

Territories and Insular Possessions, Source: USLM XML via OLRC

(a)Report required

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 public debt.

(b)Materials

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

Sep 23, 2026

Release point: 119-110