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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 48 U.S.C. § 745a Public improvement bonds sold to United States or agency thereof excluded from public indebtedness us united_states_code code_section 48 TERRITORIES AND INSULAR POSSESSIONS 4 PUERTO RICO 745a 48 U.S.C. § 745a current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc48@119-100.zip /us/usc/t48/s745a data/legal/raw/us/code/title-48/usc48.xml a6e4a8294a5f60aeabac168a37987bbb72497d7abd4bd2dbe6567df18d0c557d 2f9a72ec272e6666d7f55f52cc3186aefc6368ca4cc2b9053a531de2fb9288c2 42a7c3fa992017fc752bba8cd29dff022d67264f4243340d2ce0529e9537a7f2 2026-07-04 official
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48 U.S.C. § 745a - Public improvement bonds sold to United States or agency thereof excluded from public indebtedness

Text

Bonds or other obligations of Puerto Rico or any municipal government therein, payable solely from revenues derived from any public improvement or undertaking (which revenues may include transfers by agreement or otherwise from the regular funds of the issuer in respect of the use by it of the facilities afforded by such improvement or undertaking), and issued and sold to the United States of America or any agency or instrumentality thereof, shall not be considered public indebtedness of the issuer within the meaning of section 745 of this title.

(Aug. 13, 1935, ch. 516, 49 Stat. 611.)

Notes

Editorial Notes

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