Us Code § 745a - Public improvement bonds sold to United States or agency thereof excluded from public indebtedness
Full text of Us Code United States Code § 745a — Public improvement bonds sold to United States or agency thereof excluded from public indebtedness, with citation guidance and answers to common questions.
§ 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.
About This Section
48 U.S.C. § 745a is part of Title 48 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
This section may be cited in legal writing as 48 U.S.C. § 745a. For the most current official text, including any recent amendments, use the official source links below. Do not rely on this page as the sole authority for legal citation or litigation.
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