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Code · BILL · 114th Congress · H.R. 3725 (Introduced in House) — To authorize the Secretary of the Treasury to guarantee principal and interest payments on bonds issued by the govern... · Sec. 101

Sec. 101. Bond guarantees

60 words·~1 min read·/bill/114/hr/3725/ih/section-101·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The Secretary of the Treasury is authorized to guarantee bonds issued by the government of Puerto Rico or any instrumentality thereof that are issued solely for the purpose of financing capital projects or refinancing existing debt. The authority granted under subsection
(a)does not extend to bonds issued to finance operational expenses, except with respect to tax revenue anticipation notes.
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