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Code · BILL · 116th Congress · H.R. 6975 (Introduced in House) — To amend the Puerto Rico Oversight, Management, and Economic Stability Act or PROMESA, and for other purposes. · Sec. 7

Sec. 7. Funding for operation of the University of Puerto Rico

167 words·~1 min read·/bill/116/hr/6975/ih/section-7

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Title II of the Puerto Rico Oversight, Management, and Economic Stability Act ( 48 U.S.C. 2101 et seq.) is amended by adding at the end the following: Until the termination of the Oversight Board for Puerto Rico pursuant to section 209, the Fiscal Plan for the Commonwealth of Puerto Rico and the Fiscal Plan for the University of Puerto Rico, developed under section 201, shall include an annual allocation of public funds to the University of Puerto Rico in an amount calculated under the funding formula of Law 2–1966 or $800,000,000, whichever is greater, to allow the University of Puerto Rico to fulfill its major role as an essential public service and to comply effectively with its obligations and accreditation requirements. .
The table of contents of the Puerto Rico Oversight, Management, and Economic Stability Act ( 48 U.S.C. 2101 et seq.) is amended by inserting after the item relating to section 212 the following: Sec. 213. Funding for Operation of the University of Puerto Rico. .
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Sec. 7
Funding for operation of the University of Puerto Rico
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