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>
44 lines
1.8 KiB
Markdown
44 lines
1.8 KiB
Markdown
---
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type: "LegalText"
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title: "48 U.S.C. § 2149"
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description: "Termination of Oversight Board"
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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: "2149"
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citation: "48 U.S.C. § 2149"
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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/s2149"
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source_file: "data/legal/raw/us/code/title-48/usc48.xml"
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source_hash: "fd491e23c078b814ab3c6ea31573bce8086210b774cc7cba0f57725f901b43f0"
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raw_snapshot_hash: "2f9a72ec272e6666d7f55f52cc3186aefc6368ca4cc2b9053a531de2fb9288c2"
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text_hash: "704f2d20425b18fc3c02ad5fb21b99ea8be6a908215e337840db6ccb60d0aa63"
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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. § 2149 - Termination of Oversight Board
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## Text
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An Oversight Board shall terminate upon certification by the Oversight Board that—
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(1) the applicable territorial government has adequate access to short-term and long-term credit markets at reasonable interest rates to meet the borrowing needs of the territorial government; and
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(2) for at least 4 consecutive fiscal years—
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(A) the territorial government has developed its Budgets in accordance with modified accrual accounting standards; and
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(B) the expenditures made by the territorial government during each fiscal year did not exceed the revenues of the territorial government during that year, as determined in accordance with modified accrual accounting standards.
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(Pub. L. 114–187, title II, § 209, June 30, 2016, 130 Stat. 576.)
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