[USC02] 48 USC 745a: Public improvement bonds sold to United States or agency thereof excluded from public indebtedness
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48 USC 745a: Public improvement bonds sold to United States or agency thereof excluded from public indebtedness Text contains those laws in effect on October 18, 2019
From Title 48-TERRITORIES AND INSULAR POSSESSIONSCHAPTER 4-PUERTO RICOSUBCHAPTER I-GENERAL PROVISIONS

§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 .)

Codification

Section was not enacted as part of the Puerto Rican Federal Relations Act which comprises this chapter.