Bonds as public debt

  1. Law
  2. USC 48
  3. Territories And Insular Possessions
  4. PUERTO RICO
  5. LOW RENT HOUSING PROJECTS AND ELIMINATION OF SUB-STANDARD HOUSING
  6. Bonds as public debt

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§915. Bonds as public debt

Such bonds shall not be a debt of Puerto Rico or any municipality, and shall not constitute a public indebtedness within the meaning of section 3 of the Act of Congress approved March 2, 1917, entitled "An Act to provide a civil government for Porto Rico, and for other purposes", as amended.

(June 25, 1938, ch. 703, §5, 52 Stat. 1203 .)

References in Text

Section 3 of the Act of Congress approved March 2, 1917, referred to in text, is section 3 of act Mar. 2, 1917, ch. 145, 39 Stat. 953 . The provisions of section 3 of the Act limiting the public indebtedness of Puerto Rico and of certain municipalities thereof were contained in section 745 of this title, prior to the amendment made to that section by Pub. L. 87–121, §1, Aug. 3, 1961, 75 Stat. 245 , which struck out those provisions. See 1961 Amendment note under section 745 of this title.

Codification

Section was not enacted as part of the Puerto Rican Federal Relations Act which comprises this chapter.


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