48 U.S.C. 745a: Public improvement bonds sold to United States or agency thereof excluded from public indebtednessText contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 48-TERRITORIES AND INSULAR POSSESSIONSCHAPTER 4-PUERTO RICO
§745a. Public improvement bonds sold to United States or agency thereof excluded from public indebtedness
Bonds or other obligations of Puerto Rico or any municipal government therein, payable solely from revenues derived from any public improvement or undertaking (which revenues may include transfers by agreement or otherwise from the regular funds of the issuer in respect of the use by it of the facilities afforded by such improvement or undertaking), and issued and sold to the United States of America or any agency or instrumentality thereof, shall not be considered public indebtedness of the issuer within the meaning of section 745 of this title.
( Aug. 13, 1935, ch. 516 , 49 Stat. 611 .)
Editorial Notes
Codification
Section was not enacted as part of the Puerto Rican Federal Relations Act which comprises this chapter.