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

submitted 10 years ago by Pub. L. 114-187 to r/title-48-TERRITORIES-AND-INSULAR-POSSESSIONS · 120 words · no verdicts yet

in plain englishAI-generated · not legal advice

(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.

(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 must be subject to appropriations. (c) Funding No Federal funds must be authorized by this chapter for the payment of any liability of the territory or territorial instrumentality.

the actual law source: uscode.house.gov ↗public domain
(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.

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

history & why it existsrecord from the source credit
  • 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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