0
48 U.S.C. § 745b — Refunding bonds excluded temporarily in computing indebtedness
submitted 91 years ago by ch. 435 to r/title-48-TERRITORIES-AND-INSULAR-POSSESSIONS · 49 words · no verdicts yet
in plain englishAI-generated · not legal advice
This section temporarily excludes certain Puerto Rico refunding bonds from its public-debt calculation. The exclusion lasts until six months after the bonds are issued.
Any bonds or other obligations of Puerto Rico issued after August 3, 1935, for the purpose of retiring previously outstanding bonds or obligations shall not be included in computing the public indebtedness of Puerto Rico under section 745 of this title, until six months after their issue.
the actual law source: uscode.house.gov ↗public domain
Any bonds or other obligations of Puerto Rico issued after August 3, 1935, for the purpose of retiring previously outstanding bonds or obligations shall not be included in computing the public indebtedness of Puerto Rico under section 745 of this title, until six months after their issue.
Source credit: (Aug. 3, 1935, ch. 435, 49 Stat. 516.)
history & why it existsrecord from the source credit
- 1935Enacted · Act of Aug. 3, 1935, ch. 435 · 49 Stat. 516
A history note hasn’t been published yet. The record shows enactment by ch. 435 on 1935-08-03.
all 0 arguments · sorted by: best
no arguments yet — make the first case