Sec. 2. Modification to conditions for termination
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Section 209 of the Puerto Rico Oversight, Management, and Economic Stability Act ( 48 U.S.C. 2149 ) is amended— in the matter preceding paragraph (1), by striking upon and inserting not later than 90 days after ; in subparagraph
(B)of paragraph (2), by inserting and without regard to whether the applicable Budget provides for the payment of debt service after standards ; by striking
(1)the applicable and all that follows through
(2)for at least 4 and inserting for at least 2 ; and by redesignating subparagraphs
(A)and
(B)as paragraphs
(1)and (2), respectively, and moving each such paragraph, as so redesignated, 2 ems to the left. Each amendment made by subsection
(a)shall take effect and apply as if enacted as part of the Puerto Rico Oversight, Management, and Economic Stability Act. Upon a certification of an Oversight Board under section 209 of the Puerto Rico Oversight, Management, and Economic Stability Act ( 48 U.S.C. 2149 ), as amended by subsection (a), with respect to termination, and upon the adoption of a resolution by the legislature of a territory and signed by that territory’s governor setting forth the manner in which such termination shall be implemented— all property, funds, assets, and records of the Oversight Board shall be transferred to the territorial government in accordance with the transition provisions established by such adopted resolution; and a copy of all such records of the Oversight Board shall be transmitted to Congress.
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Sec. 2
Modification to conditions for termination
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