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48 U.S.C. · Territories and Insular Possessions
48 U.S.C. § 2150

No full faith and credit of the United States

Ch. 20 — PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY
Title 48 U.S.C. ● ACTIVE Primary Source Ch. 20
Statutory Text

48 U.S.C. § 2150 — No full faith and credit of the United States

U.S.C. Title 48 - TERRITORIES AND INSULAR POSSESSIONS 48 U.S.C. United States Code, 2023 Edition Title 48 - TERRITORIES AND INSULAR POSSESSIONS CHAPTER 20 - PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY SUBCHAPTER II - RESPONSIBILITIES OF OVERSIGHT BOARD Sec. 2150 - No full faith and credit of the United States From the U.S. Government Publishing Office, www.gpo.gov

§2150. No full faith and credit of the United States

(a) In general The full faith and credit of the United States is not pledged for the payment of any principal of or interest on any bond, note, or other obligation issued by a covered territory or covered territorial instrumentality. The United States is not responsible or liable for the payment of any principal of or interest on any bond, note, or other obligation issued by a covered territory or covered territorial instrumentality. (b) Subject to appropriations Any claim to which the United States is determined to be liable under this chapter shall be subject to appropriations. (c) Funding No Federal funds shall be authorized by this chapter for the payment of any liability of the territory or territorial instrumentality.

(Pub. L. 114–187, title II, §210, June 30, 2016, 130 Stat. 576.)

Editorial Notes

References in Text This chapter, referred to in subsecs. (b) and (c), was in the original "this Act", meaning Pub. L. 114–187, June 30, 2016, 130 Stat. 549, known as the Puerto Rico Oversight, Management, and Economic Stability Act and also as PROMESA, which is classified principally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 2101 of this title and Tables.

Source: uscode.house.gov — public domain Official Source ↗
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48 U.S.C. § 2150
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The statutory text of 48 U.S.C. § 2150 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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Ch. 20 — PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY
48 U.S.C. § 210148 U.S.C. § 210248 U.S.C. § 210348 U.S.C. § 210448 U.S.C. § 210548 U.S.C. § 210648 U.S.C. § 212148 U.S.C. § 212248 U.S.C. § 212348 U.S.C. § 212448 U.S.C. § 212548 U.S.C. § 212648 U.S.C. § 212748 U.S.C. § 212848 U.S.C. § 212948 U.S.C. § 214148 U.S.C. § 214248 U.S.C. § 214348 U.S.C. § 214448 U.S.C. § 214548 U.S.C. § 214648 U.S.C. § 214748 U.S.C. § 214848 U.S.C. § 214948 U.S.C. § 215048 U.S.C. § 215148 U.S.C. § 215248 U.S.C. § 216148 U.S.C. § 216248 U.S.C. § 2163
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