Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
52 lines
2.8 KiB
Markdown
52 lines
2.8 KiB
Markdown
---
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type: "LegalText"
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title: "48 U.S.C. § 2146"
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description: "Oversight Board duties related to restructuring"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 48
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title_name: "TERRITORIES AND INSULAR POSSESSIONS"
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chapter_number: "20"
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chapter_name: "PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY"
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section: "2146"
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citation: "48 U.S.C. § 2146"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc48@119-100.zip"
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source_identifier: "/us/usc/t48/s2146"
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source_file: "data/legal/raw/us/code/title-48/usc48.xml"
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source_hash: "0b30dd6d32715590507db1524df529e7f5de97a164fa46616216cbd40a663d65"
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raw_snapshot_hash: "2f9a72ec272e6666d7f55f52cc3186aefc6368ca4cc2b9053a531de2fb9288c2"
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text_hash: "c4af0874fbe7e123d35543956b8b01a86a4fb45beebe06f44b246a14abcb24c7"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 48 U.S.C. § 2146 - Oversight Board duties related to restructuring
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## Text
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(a) Requirements for restructuring certification The Oversight Board, prior to issuing a restructuring certification regarding an entity (as such term is defined in section 101 of title 11), shall determine, in its sole discretion, that—
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(1) the entity has made good-faith efforts to reach a consensual restructuring with creditors;
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(2) the entity has—
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(A) adopted procedures necessary to deliver timely audited financial statements; and
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(B) made public draft financial statements and other information sufficient for any interested person to make an informed decision with respect to a possible restructuring;
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(3) the entity is either a covered territory that has adopted a Fiscal Plan certified by the Oversight Board, a covered territorial instrumentality that is subject to a Territory Fiscal Plan certified by the Oversight Board, or a covered territorial instrumentality that has adopted an Instrumentality Fiscal Plan certified by the Oversight Board; and
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(4) (A) no order approving a Qualifying Modification under section 2231 of this title has been entered with respect to such entity; or
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(B) if an order approving a Qualifying Modification has been entered with respect to such entity, the entity is unable to make its debt payments notwithstanding the approved Qualifying Modification, in which case, all claims affected by the Qualifying Modification shall be subject to a subchapter III case.
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(b) Issuance of restructuring certification The issuance of a restructuring certification under this section requires a vote of no fewer than 5 members of the Oversight Board in the affirmative, which shall satisfy the requirement set forth in section 2162(2) of this title.
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(Pub. L. 114–187, title II, § 206, June 30, 2016, 130 Stat. 574.)
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