48 U.S.C. § 2149 — Termination of Oversight Board
submitted 10 years ago by Pub. L. 114-187 to r/title-48-TERRITORIES-AND-INSULAR-POSSESSIONS · 97 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
An Oversight Board* shall terminate upon certification by the Oversight Board that—
the applicable territorial government* has adequate access to short-term and long-term credit markets at reasonable interest rates to meet the borrowing needs of the territorial government; and
for at least 4 consecutive fiscal years—
the territorial government has developed its Budgets in accordance with modified accrual accounting standards*; and
the expenditures made by the territorial government during each fiscal year did not exceed the revenues of the territorial government during that year, as determined in accordance with modified accrual accounting standards.
Source credit: (Pub. L. 114–187, title II, § 209, June 30, 2016, 130 Stat. 576.)
- 2016Enacted · Pub. L. 114-187 · 130 Stat. 576
A history note hasn’t been published yet. The record shows enactment by Pub. L. 114-187 on 2016-06-30.
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